Guidance: Critical Minerals Programme: Critical Minerals Accelerator
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Funding to support UK-based projects that strengthen critical mineral supply chains and develop innovative capabilities across the critical minerals sector.
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The Critical Minerals (CM) Accelerator is a £25 million grant funding scheme, aimed at unlocking the commercialisation of innovation through the scaling up of innovative solutions for critical minerals, spanning extraction, processing and recycling and building on the UK’s strengths.
Funding will support projects across the UK for all minerals on the UK 2024 Criticality Assessment published as well as Critical Minerals technical annex by 2035. Successful projects should increase the security of supply of minerals, boost resilience, create jobs and growth. The CM Accelerator is part of the £50 million UK Critical Mineral Programme.
The CM Accelerator is focused on companies and projects at technology readiness levels (TRL) 6 to 8 which are close to commercialisation and that face significant barriers in proving unit economics and de-risking their processes. Projects supported will be at the pilot to pre-commercial or demonstrator to commercialisation stage of development.
The £25 million CM Accelerator grant scheme will support multiple projects through a competitive process. Our expectation is that all approved grants will sit within a range of £150,000 to £3 million. All projects funded under this scheme are expected to be delivered by March 2030.
What the Critical Minerals Accelerator will do
The overarching objective of the CM Accelerator is to support research and development innovation (typically projects at minimum technology readiness level 6 to 8) in extraction, midstream processing and recycling (which currently do not qualify or are unable to attract support from public finance institutions and private finance) to increase validation, commercialisation prospects and scale up in the UK. This objective is underpinned by 3 strategic priorities:
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