Commons Sense

House of Commons · Ministers' Questions

International Investment: Scotland

Thursday 13 March 2025 · 1 question

Summarised by AI from the official record, so it can contain mistakes.

At a glance

Answered 1 Partly answered 0 Not answered 0

Key points

  • Frank McNally asked about the National Wealth Fund's investment in Pulpex Ltd near Glasgow.
  • The Minister praised Frank McNally for his advocacy in Coatbridge and Bellshill.
  • The National Wealth Fund's strategic partnerships trial will invite Glasgow city region local authorities to submit project proposals.

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Questions & Answers

Q1 Frank McNally Lab Coatbridge and Bellshill
Context

The MP notes the government's recent investments in Grangemouth, Port of Cromarty Firth, and two investment zones. He references a £43.5 million National Wealth Fund investment in Pulpex Ltd near Glasgow.

Question

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?

Answer from The Minister for Trade Policy and Economic Security (Mr Douglas 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 green jobs in Coatbridge.

Answered
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