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Cornish Metals: Finance

Asked by Gareth DaviesConservativeTreasuryTabled Answered 8 September 2025UIN 71398

The question

To ask the Chancellor of the Exchequer, with reference to the press release entitled Chancellor pledges to unlock growth in Cornwall, published on 29 July 2025, whether the £28.6 million investment into Cornish Metals by the National Wealth Fund had previously been committed to by the UK Infrastructure Bank before 4 July 2024.

Answered by James Murray

The commitment to invest £28.6 million into Cornish Metals was made by the National Wealth Fund and announced on 28th January 2025. The investment is separate to the £24 million equity investment into Cornish Lithium announced on 23rd August 2023 by the UKIB

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