Commons Sense

House of Commons · Written Ministerial Statement

UK Critical Minerals Programme

22 June 2026 · Department for Business and Trade

Proposed by Chris McDonald Lab Stockton North

Business & TradeEconomyEnergy

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • UK Government launches a 50m Critical Minerals Programme to bolster supply chain resilience and economic growth.
  • The programme includes funding for a Magnet Hub, a Critical Minerals Accelerator, and a Demand Aggregation Platform.
  • Details of the programme's individual components will be published on GOV.UK as development progresses.

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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