UK Government Invests £15 million To Reinforce Supply Of Critical Minerals

27 February 2023: With a £15 million investment in cutting-edge research to reinforce the supply of critical materials, tonnes of rare earth elements which are vital for the production of electric vehicles, wind turbines, and smartphones - could be readily recycled in future. This government funding for innovative research has the potential to revolutionise the way critical minerals are used and recycled.

Innovate UK, an innovation agency based in Swindon is set to launch the CLIMATES programme, backed by a £15 million funding boost which will bring together researchers and businesses from across the country to work on rare earths. This innovative programme will focus on supporting the development of cutting-edge recycling technologies for rare earth elements, as well as driving research and development in this field.

The programme seeks to engage with international partners and activities to identify and support future skill needs. This strategic investment is a crucial step in driving forward innovation in the field of critical minerals, and ensuring that the UK is well-positioned to meet the demands of a rapidly evolving technological landscape.

In an official press release by GOV.UK on 27 February 2023, Will Drury, Challenge Director, Driving the Electric Revolution, Innovate UK said, “For the UK to deliver on its net zero ambitions we must have access to critical minerals and materials. This intervention by Innovate UK in support of the UK government’s strategy provides a thrilling proposition for UK businesses and innovators to build on our research excellence. Our aim is to create an exciting investment proposition that enables growth in this vital area”.

The UK government’s investment of £15 million in critical minerals represents a significant step forward in the country’s efforts to build a more sustainable and resilient future. This strategic investment is a testament to the government’s commitment to drive forward innovation in critical minerals, and ensuring that the UK remains at the forefront of efforts to tackle climate change.