RE: Wealth fund23 Nov 2025 09:57
While the UK has some financing and grant processes in place to support certain critical mineral projects at specific levels, there is an opportunity to provide more bespoke, targeted grant funding to help deliver our growth mission. Following Spending Review 2025, funding of up to £50 million will be made available by DBT to support critical mineral projects, which could include expanding research and innovation as well as supporting commercialisation.
Regional clusters
UK strengths are concentrated in clusters across the UK – including Aberdeen, Belfast, Birmingham, Cornwall, Devon, County Durham, Fort William, South Wales and Teesside – where the right expertise, geological and geographical assets make these places optimal for domestic production. Additionally, the UK’s investment zones and freeports, such as Teesside, offer a strong base on which to build and scale up critical mineral businesses. These will be strengthened through the Industrial Strategy Zones Action Plan.