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Evening Standard

Business

Craig Paton

UK Government to invest £200 million in Grangemouth, says Starmer

Grangemouth the National Wealth Fund

The UK Government will provide an extra £200 million of funding for Grangemouth as the oil refinery in the area is set to close.

Speaking at the Scottish Labour conference on Sunday, his first since taking office, Prime Minister Sir Keir Starmer pledged the cash from the National Wealth Fund, which he said would be an “investment in Scotland’s industrial future”.

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