A £15 million Innovate UK research and development programme will focus on creating a resilient supply chain of rare earth elements.
Tonnes of rare earth elements, essential for technology such as electric vehicles, wind turbines and smart phones, could be recycled in future thanks to £15 million of Innovate UK funding. This will fund cutting edge research to strengthen the supply of critical materials.
Rare earths are vital to the economy but supply chains are complex and markets are volatile, with most critical minerals sourced from just a handful of countries.
This leaves UK jobs and industries vulnerable to market shocks and geopolitical events, which is why the government is working to help UK firms establish resilient and sustainable access to critical minerals.
