Minerals: Mining

Department for Business, Energy and Industrial Strategy written question – answered on 25th May 2022.

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Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to help encourage (a) domestic critical minerals exploration and (b) mining finance in the UK.

Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to help ensure the competitiveness of the UK's critical minerals legislative framework compared with that of competitor countries.

Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department plans to take steps to assist domestic critical minerals exploration through grants as its predecessor, the Department of Trade and Industry, did via the MEIGA and MRP programmes.

Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the impact grants awarded by other countries to assist domestic critical minerals exploration on that sector in those countries.

Photo of Lee Rowley Lee Rowley Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Government Whip, Lord Commissioner of HM Treasury

The Government will publish a UK Critical Minerals Strategy in 2022, setting out our approach to securing technology-critical minerals and metals. This will take into account the types of support offered by other nations and input from the Critical Minerals Expert Committee.

Funds such as the Automotive Transformation Fund, National Security Strategic Investment Fund, UK Infrastructure Bank, UK Export Finance, and R&D via the National Interdisciplinary Circular Economy Research are available to support investments at various points along the critical minerals value chain in specific sectors. For example, Cornish Lithium has received support via the Getting Building Fund (2020) and Automotive Transformation Fund (2021) and British Lithium has received grant funding from Innovate UK (2020) and the Sustainable Innovation Fund (2021).

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