UK MINISTER 'HOPEFUL' OF GRANGEMOUTH INVESTMENT

THE UK's energy minister has said he is "hopeful" that an announcement on investment in Grangemouth will come soon.

- Ross Thomson

Michael Shanks said more than 80 potential investors had come forward since the UK Government pledged £200million for the site.

More than 400 jobs were lost at the oil refinery as owners Petroineos transitioned it to a fuel import terminal.

The company said the facility was losing large amounts of money every day with the SNP and Labour's "hostility to oil and gas" blamed for the closure.

The UK Government is looking for another £600m from private investment in the area, following the closure of Scotland's last oil refinery there.