Wedoany.com Report-Dec.18, INEOS Ltd., based in London, has committed £150 million to secure the future of its Grangemouth facility in Scotland, a key industrial site supporting the United Kingdom's manufacturing and energy sectors.

This investment, backed by the U.K. Government and facilitated by NatWest Group, will modernize essential production units, boost energy efficiency, lower emissions, and strengthen operational competitiveness.

The Grangemouth site plays a central role in supplying raw materials vital to various industries. These include food packaging, building insulation, vehicle components, medical equipment, pharmaceuticals, and sustainable applications, contributing significantly to everyday products and technologies.

The initiative preserves the facility and sustains over 500 skilled positions directly associated with it.

Prime Minister Keir Starmer said: "When we said we'd protect jobs and invest in Britain's future, we meant it – and this is proof. Through partnership, determination, and our Modern Industrial Strategy, we're delivering new opportunities, fresh investment, and security for the next generation of workers in Scotland. This is about good jobs, stronger communities, and a modern economy that works for everyone. Our commitment is clear: to back British industry, to stand by hardworking families, and to ensure places like Grangemouth can thrive for years to come. Promise made, promise delivered."

Business Secretary Peter Kyle said: "The U.K. Government's decision to step in will protect Grangemouth as a site of strategic national importance and secure 500 vital jobs in the area. By partnering with INEOS we are backing the plant and its long-term future, giving certainty to workers and the supply chain for the next five years. This approach is part of our Modern Industrial Strategy through which we are working to reduce the cost of energy for industry and support manufacturing in the UK."

Chancellor Rachel Reeves said: "We said we would stand squarely behind communities like Grangemouth and we meant it. Building on the millions of pounds we've already invested in Grangemouth, this vital package protects our national resilience and secures the livelihoods of hundreds of people employed at the site way into the future."

Scottish Secretary Douglas Alexander said: "The UK Government is investing £120m to protect jobs and secure future opportunities at Grangemouth. Grangemouth has been at the heart of Scotland's industrial story for generations, and we are ensuring it remains central to our future. This is a landmark moment for Grangemouth. This £120 million UK Government investment protects not just the 500 jobs at the plant, but hundreds more across Scottish supply chains. We have been clear that we will do everything possible to secure the long-term future of the Grangemouth site"

Robert Begbie, CEO Commercial & Institutional, NatWest commented: "As the UK's biggest bank for business, accelerating regional growth is a key priority for us at NatWest. We know that this vital funding will support INEOS Grangemouth in remaining a critical site for our national resilience and prosperity, whilst helping protect jobs in Scotland and beyond."

The upgrades align with INEOS' broader plan to develop efficient, lower-emission facilities across its operations, demonstrating continued dedication to maintaining advanced industrial assets in the U.K.

Domestic production of essential materials supports economic activity and supply stability. The investment ensures Grangemouth remains operational, providing reliable contributions to multiple sectors while adapting to current efficiency and environmental standards.