Written Question · S4W-19623 · Session 4
Whether INEOS has (a) sought or (b) been offered financial assistance in relation to the Grangemouth plant and, if so, (i) for what purpose…
The question
To ask the Scottish Government whether INEOS has (a) sought or (b) been offered financial assistance in relation to the Grangemouth plant and, if so, (i) for what purpose and (ii) whether any conditions are attached.
The answer
Ineos applied for a Regional Selective Assistance (RSA) grant in December 2008 and received £7.6 million in 2009. The grant was for the development and manufacture of chemicals and petroleum products, and the safeguarding of 551 jobs.
Ineos made an application for RSA in 2013 to support the delivery of investment plans, safeguard the future of the Grangemouth facility and safeguard jobs in addition to those covered by the 2009 grant. Scottish Enterprise are finalising the conditions relating to a possible grant.
To claim an instalment of grant under the terms of an RSA offer, a business has to complete a grant claim form to confirm that project investment, permanent job creation and safeguarding targets have been achieved in respect of the instalment being claimed.
Ineos made an application for RSA in 2013 to support the delivery of investment plans, safeguard the future of the Grangemouth facility and safeguard jobs in addition to those covered by the 2009 grant. Scottish Enterprise are finalising the conditions relating to a possible grant.
To claim an instalment of grant under the terms of an RSA offer, a business has to complete a grant claim form to confirm that project investment, permanent job creation and safeguarding targets have been achieved in respect of the instalment being claimed.
In the Official Report
No contribution in the Official Report cites S4W-19623 by reference.