Meeting of the Parliament 11 December 2025
I thank Michelle Thomson for that question and for her dogged determination in holding both Governments to account on our duties to step in and secure the future for Grangemouth.
It is right to say that the UK Government pledged £200 million of National Wealth Fund moneys to projects associated with Grangemouth. On a number of occasions, I have made the case to UK ministers on the imperative of releasing that money as soon as possible.
The National Wealth Fund should be a far more flexible operation than it has been in the past. It is waiting for projects to get to the financial investment decision stage. Obviously, we were using the £25 million just transition fund to help projects to get to the FID stage.
The National Wealth Fund needs to be a lot more flexible. I had a chat with Michael Shanks, the UK energy minister, about that this morning, and he agrees with me. The National Wealth Fund is engaging with prospective developers, as are the Scottish Government and its partners. We need clarity that National Wealth Fund moneys will be deployed in the near future, and I hope to be able to say that more of that £200 million will be able to be deployed in the future.