(1 week, 5 days ago)
Commons Chamber
Frank McNally (Coatbridge and Bellshill) (Lab)
This is devastating news for the Kingdom of Fife. May I pay tribute to my hon. Friend the Member for Cowdenbeath and Kirkcaldy (Melanie Ward) for her diligent work today and over a period of time on this issue?
Does the Minister share my frustration that despite attempts to fully engage with ExxonMobil over recent months, including through multiple ministerial engagement sessions, the Government were presented with no viable plan to save the plant by the company—despite, as has been highlighted, a £25 billion profit having been made by ExxonMobil last year? Will he outline what steps he will take, working with colleagues both in Scotland and other Government Departments, to ensure that the workforce receives all necessary support through the Department for Work and Pensions rapid response service and Partnership Action for Continuing Employment?
Chris McDonald
I pay tribute to my hon. Friend and colleagues for how they have engaged so carefully on this issue for such a long period of time. I look forward to working with them in supporting the workforce. He makes an important point that alludes to the strategy of the company. The company did not present the Government with a viable investable proposition. It has also closed a chemicals plant in France and has confirmed that it is reviewing its European assets. I think we have reached a point where we have to accept that the company has made its decision. However, even though the company could not find a buyer, as I have said, I understand that some expressions of interest have been made and we would be happy to work with anyone who is interested in the plant. We have vehicles such as the British Business Bank and the National Wealth Fund that stand by to support any viable business proposition in our industrial strategy areas.
(8 months, 2 weeks ago)
Commons ChamberI am always happy to work with the Scottish Government and other devolved Governments on how we can improve the business environment. I am sure the right hon. Member will join me in encouraging the Government in Scotland to mirror the changes we have made to business rates relief. Given the sizeable increase in the Scottish budget, it is somewhat surprising that the SNP has not been willing to support the retail sector through an extension of retail hospitality relief.
Frank McNally (Coatbridge and Bellshill) (Lab)
The Minister for Trade Policy and Economic Security (Mr Douglas Alexander)
The Government are committed to supporting investment in Scotland in line with our growth mission. The Prime Minister recently announced that the National Wealth Fund will provide £200 million of investment in new opportunities in Grangemouth in particular. That announcement came alongside the recently announced £55 million grant for the Port of Cromarty Firth, the two investment zones receiving £80 million over the next five years and our expanded Office for Investment.
Frank McNally
I am grateful to my right hon. Friend for that answer. The National Wealth Fund has recently invested £43.5 million in Pulpex Ltd to construct a sustainable packaging facility near Glasgow, which is a welcome move and will support jobs and growth. What further measures are planned to attract similar green industry investments in communities such as my own in North Lanarkshire, which has Scotland’s fastest-growing economy?
Mr Alexander
My hon. Friend is a tireless advocate for the communities of Coatbridge and Bellshill. I can assure him that the National Wealth Fund’s strategic partnerships trial will see each local authority within the Glasgow city region, including North Lanarkshire, being invited to submit project proposals, including for projects focused on, I hesitate to say, green jobs in Coatbridge.