Keir Starmer has announced a £200 million investment to support the Grangemouth oil refinery facing closure, threatening over 400 jobs. This funding, part of a national wealth fund, aims to attract private investment up to £600 million over the next five years. Despite criticisms of late intervention, Starmer reiterated the need for credible proposals, emphasizing that this initiative represents a long-term opportunity for the community. The crisis reflects broader challenges for Labour in Scotland as it navigates declining popularity and allegations of governmental inaction regarding the refinery's fate.
Keir Starmer has announced a $200 million funding initiative to support investment at Grangemouth oil refinery, reacting to the closure and loss of over 400 jobs.
Starmer emphasized the funding aims to create a long-term solution, stating, "It's not just something that tides people over […] it's a generational opportunity for Grangemouth."
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