Grangemouth jobs secured as Government strikes £150m deal with INEOS

500 jobs at the Grangemouth chemicals plant have been secured following a landmark agreement between the Government and INEOS, ending uncertainty over the future of Britain’s last ethylene production facility.

Under the deal, the Government will provide more than £120m as part of a £150m joint investment package with INEOS, protecting the plant’s operations and safeguarding hundreds more jobs across the regional supply chain.

The agreement also secures a long-term operational commitment from INEOS and investment to improve energy efficiency, cut emissions and boost productivity.

The Grangemouth site is considered strategically important to the UK’s critical national infrastructure, supplying ethylene used in medical-grade plastics and across key industries including advanced manufacturing, automotive and aerospace.

Without intervention, closure of the plant would have put thousands of jobs at risk across Scotland.

Prime Minister Keir Starmer said the deal demonstrated the government’s commitment to protecting employment and industrial capability.

He 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.