From food packaging and housing insulation to automotive parts, hospital equipment, medicines and sustainable technologies, Grangemouth plays a fundamental role in making modern life possible.
Luckily for the Government, however, it had an ace up its sleeve that it hoped would mitigate the bad news. The hitherto ill-fated Grangemouth refinery had been rescued, alongside “500 jobs”, in a deal between Ineos and the Government. Phew! ... Tags ... 1.
The billionaire Ineos chairman pledged investment of �150m at the firm's Grangemouth site, backed by a �75m government loan guarantee and �50m grant, but now more needs to be done to save British industry ....
The UK government has agreed to provide �120 million of taxpayer support as part of a deal with INEOS aimed at protecting around 500 jobs at the Grangemouth industrial complex in Scotland....