Economic Contribution of the Grangemouth Refinery

This report aims to establish an economic baseline of the Grangemouth refinery, mapping the business’ impact on the economy through a number of indicators using available data.

This report estimates the economic contribution of the Grangemouth (“GM”) Refinery to the Scottish economy, both from a Gross Value Added (”GVA”) and employment perspective using the latest possible data. In conjunction to this, it analyses the refinery’s supply chain, helping to determine the types of businesses that are supported by the refinery’s activity.

• The economic contribution of GM Refinery, its supply chain and the employee spending it induces is estimated to be £403.6m in 2023, i.e. around 0.19% of the value added across the whole Scottish economy. It is also estimated to support 2,822 jobs across Scotland, of which 532 are its own employees in GM Refinery.

• Grangemouth is in Falkirk council area, which has a large range of deprivation from one zone to another. This is also observed in the town of Grangemouth.

• GM Refinery is responsible for 532 well-paid jobs in Falkirk - the average salary is around 45% above the local average. While this only represents below 1% of the total Falkirk labour force, these relatively well-paid technical jobs may not be easily replaceable in the local economy.

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