Energy Secretary Ed Davey has hailed an agreement to save the Grangemouth chemical plant and said it showed the Coalition's "commitment to Scotland".
This is a very positive result.
Grangemouth is important to the Scottish economy, the UK economy and most importantly to the local economy where 800 jobs have been saved and the local community has avoided a major blow.
We can now look forward to a future of growth at Grangemouth.
Many people in the UK and Scottish Governments have worked hard to make this happen, a clear sign of our commitment to Scotland, its economy and its people.
Grangemouth owners Ineos are in last ditch talks with the workers' union, but the workforce is just one of the problems facing the plant.
Thousands of jobs are under threat after a dispute over conditions led to a shock decision to close the petrochemical site in Grangemouth.