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UK Critical Minerals Programme
22 June 2026
Type
Written Ministerial Statement
Department
Department for Business and Trade
At a Glance
Issue Summary
The statement is about the UK Government's new £50m Critical Minerals Programme aimed at enhancing supply chain resilience and economic growth.
Action Requested
The programme will provide funding for a Magnet Hub, a Critical Minerals Accelerator, and a Demand Aggregation Platform to support critical mineral extraction, processing, recycling, and manufacturing in the UK. Details of the individual pillars will be published on GOV.UK as they progress.
Key Facts
- The Government’s new £50m Critical Minerals Programme is designed to strengthen supply chain resilience.
- The programme includes a Magnet Hub with up to £20 million funding for rare earth permanent magnet manufacturing and skills training.
- A Critical Minerals Accelerator will provide up to £25 million for collaborative projects in critical mineral extraction, processing, and recycling.
- A Demand Aggregation Platform is designed to help industry consolidate demand and secure supply through strategic partnerships.
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