The UK's Labour government announced a £200m investment in the Grangemouth industrial site in Glasgow, describing it as an investment in Scotland's industrial future. The funding aims to create new industrial opportunities at the refinery, which is owned by Petroineos and facing closure with the loss of over 400 jobs. The site is set to transition to become an import terminal. The First Minister of Scotland, John Swinney, also committed £25m to establish a 'just transition' fund, supporting projects like hydrogen production and sustainable aviation fuel. The National Wealth Fund, backed by the Treasury, will contribute to this investment alongside private sector investments focusing on clean energy initiatives. The union welcomed the funding as a positive step but emphasized the importance of clear details, stakeholder cooperation, and long-term job security for the workers. The aim is to secure the facility for future generations and create a real workers' transition for Grangemouth, with a focus on job creation and economic stability.