Bobby Dean

Bobby Dean

Liberal Democrat — Carshalton and Wallington

Speaking in the House of Commons on 17 December 2025

Debate

INEOS Chemicals: Grangemouth

Contribution

The Minister mentioned in his statement the £200 million for projects in Grangemouth from the National Wealth Fund. I would like to raise with him a concern that was raised in evidence to the Treasury Committee, which is that the National Wealth Fund has to operate on the riskier end of project proposals because it does not want to crowd out private investment, but that means necessarily that many projects will fail. The worry is that politicians will not be ready to defend projects that fail under the National Wealth Fund. Does the Minister agree with that assessment, and is he willing to accept that, given the risk profile of the National Wealth Fund, some projects will fail as part of the deal?

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