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National Wealth Fund: Grangemouth

Asked by Euan StainbankLabourTreasuryTabled Answered 25 June 2025UIN 60578

The question

To ask the Chancellor of the Exchequer, whether the £200m allocation to Grangemouth from the National Wealth Fund is restricted for investment proposals contained fully or partially within the boundaries of the Grangemouth oil refinery.

Answered by James Murray

The National Wealth Fund stands ready to provide £200 million of investment to finance projects in the Grangemouth area, subject to investible propositions meeting the National Wealth Fund’s criteria. Beyond Grangemouth, the National Wealth Fund is capitalised with £27.8 billion to invest in projects across the whole of the UK.

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