National Wealth Fund: Grangemouth
The question
To ask the Secretary of State for Scotland, what progress his Department has made on securing the £200 million National Wealth Fund allocation for Grangemouth.
Answered by Kirsty McNeill
The UK Government is working with our investment agencies and the Scottish Government to both proactively drive project development at Grangemouth and to assess all the enquiries we have received, to help ensure that they are suitable for National Wealth Fund investment at the earliest opportunity.
On 21 October, Minister Shanks and the Secretary of State for Scotland met with the Scottish Government, Scottish Enterprise and the National Wealth Fund as part of the Grangemouth Investment Taskforce to discuss what actions we can take to progress investible propositions at Grangemouth. We continue to work at pace to ensure that this investment materialises as soon as possible.
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