[Falkirk, 17.12.2025] Falkirk MP Euan Stainbank has welcomed the UK Labour Government’s decisive intervention to protect 500 jobs at the Grangemouth ethylene plant, following the announcement of a £150 million joint investment between the UK Government and INEOS.
Under the deal, the UK Government will provide more than £120 million in support alongside significant investment from INEOS, securing the future of Britain’s last ethylene plant and safeguarding hundreds more jobs across the wider supply chain.
The Grangemouth site is of strategic national importance, underpinning key industries including advanced manufacturing, automotive, aerospace and medical production, while also playing a critical role in the UK’s energy and industrial infrastructure.
The funding package will secure ongoing operations at the site, support improvements in energy efficiency, help reduce carbon emissions and strengthen the long-term competitiveness of the plant.
Mr Stainbank said:
“This is hugely welcome and long-overdue news for Grangemouth, for Falkirk, and for the workers and families who depend on this vital site.
“The Labour Government has stepped in where others failed, working in partnership with INEOS to protect 500 good, skilled jobs and many more across the supply chain. This intervention sends a clear message that Labour will stand up for industrial communities and back British manufacturing.
“Grangemouth is not just important locally – it is strategically vital to the UK economy. Securing its future protects our national resilience, supports critical supply chains and gives workers the certainty they deserve.
“After years of uncertainty and job losses at the site, this deal provides stability and a pathway to a sustainable, long-term future for Grangemouth. It shows what can be achieved when the government is willing to act decisively in the national interest.
“We still have £200m from the National Wealth Fund and £14m secured in the budget to invest in a new industry in Grangemouth. More to come from Labour’s commitment to Grangemouth.
“This announcement stands in stark contrast to the Tory and SNP hands-off approach, which led to the announcement of the closure of the oil refinery in November 2023.”
Chair of Falkirk Labour, Councillor Siobhan Paterson said:
“UK Labour inherited a difficult situation, but in the months since taking government, we have managed to secure millions of pounds of investment for Grangemouth. We look forward to hearing even more of these welcome announcements, none of which could have been possible without the ongoing work of our three labour MPs.”
ENDS
Notes to Editors
- The UK Government has committed over £120 million as part of a £150 million joint investment with INEOS to protect 500 jobs at the Grangemouth ethylene plant.
- The site is Britain’s last ethylene plant and is strategically important to national infrastructure, energy security and advanced manufacturing supply chains.
- The agreement includes safeguards to protect taxpayers’ money and commitments from INEOS to continue operating the site.
- The investment forms part of the UK Labour Government’s Modern Industrial Strategy.
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