[Falkirk, 11.12.2025] Falkirk MP Euan Stainbank has welcomed the announcement that the UK Labour Government are backing the first major project at the Grangemouth since the refinery closure, with up to £3 million of Government money being invested in a new biotech facility run by Scottish company MiAlgae.
This will support the construction of MiAlgae’s first commercial-scale manufacturing plant, which will use whisky by-products to produce fish-free Omega-3.
Starting from 2026, the project is expected to create around 310 jobs over the next five years, deliver £53 million to the Scottish economy, and help catalyse further investment into the site.
This project can be announced due to Labour’s commitment to Grangemouth including the Chancellor’s £14.5 million Budget allocation, the Scottish Government’s £25 million Just Transition Fund, and the Prime Minister’s £200 million from the National Wealth Fund.
Mr Stainbank said:
“This is hugely welcome news for workers, for families, and for the future of Grangemouth.
“When Labour entered government, there was no plan to secure the future of this site or to give workers the certainty they deserved.
“Today’s announcement shows that thanks to the hard work of industry and Scottish Labour MPs and Ministers that we will re-industrialise Grangemouth.
“Backing MiAlgae’s innovative new facility is an investment in green industry and an investment in people. Creating 310 new, skilled jobs, it gives Grangemouth a real opportunity to grow and thrive as an industrial hub once again.
“This is only the first project, and I will continue pressing for more investments to follow. With Labour’s National Wealth Fund already committing £200 million to Grangemouth, we are finally seeing the green shoots of Grangemouth being re-industrialised.”
ENDS
Notes to Editors
- MiAlgae repurposes whisky by-products to produce fish-free Omega-3, with each tonne of algae produced estimated to save 30 tonnes of fish.
- The Grangemouth Investment Taskforce was established to develop a long-term plan for the site, protect jobs, and attract new investment.
- MiAlgae’s new commercial-scale facility will begin creating jobs from next year, ultimately delivering 310 new jobs in Grangemouth.
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