[Falkirk, 14.05.2025] Falkirk MP Euan Stainbank has welcomed the UK Government’s confirmation that funding through the National Wealth Fund for Grangemouth is not restricted to projects identified under Project Willow, opening the door to a wider range of investment opportunities that can help secure the site’s long-term future.
Responding to Mr Stainbank’s recent Parliamentary question, the Government made clear that while they believe Project Willow identified credible industrial options for the site, the National Wealth Fund remains open to supporting any viable proposals that align with its strategic priorities. This means that investors have greater flexibility to bring forward new ideas and investment projects for Grangemouth.
Mr Stainbank has been a strong advocate for ensuring accelerated action to secure Grangemouth’s future, warning of the severe economic impact if urgent action is not taken. He described the Government’s response as a welcome flexibility so that the £200m on the table from the National Wealth Fund can be deployed most effectively.
Mr Stainbank said:
“This is welcome news for Grangemouth and the wider Falkirk economy. I’ve been clear that we must look beyond Project Willow and consider every possible avenue for investment to secure the site’s future. Especially, when Sustainable Aviation Fuel and HVO (Hydrogenated Vegetable Oil) production remains the option capable of urgently replacing the local jobs and fuel supply prematurely lost to Petroineos’ decision to close the refinery.
“The Government’s confirmation that the National Wealth Fund will consider a broad range of viable proposals is a clear signal to investors that the door is open to fresh ideas.
“This flexibility is necessary to ensure Grangemouth remains a hub for high-quality jobs and long-term economic growth. I will continue to fight to make sure this opportunity is fully realised as quickly as humanly possible.”
ENDS
Notes to Editors
The full response to Euan Stainbank MP’s Parliamentary question (UIN 49575) is available on the UK Parliament website: https://members.parliament.uk/member/5110/writtenquestions#expand-1799103
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