Critical Materials for Magnets

UK registered businesses and research organisations can apply for grants for innovative projects that stimulate growth in the rare earth elements (REE) critical materials supply chain.

This programme is provided by Innovate UK (IUK). The funding is from Innovate UK’s CLIMATES programme.

The aim of this Innovate UK competition is to stimulate growth in a circular critical materials supply chain for high performance magnets. Collaborative innovation projects will address opportunities across the whole value chain and help increase supply chain resilience.

The competition is split into two strands:

• Critical materials for magnets: Strand 1, early-stage feasibility studies that will enable the adoption of new innovations in processes or technologies by industry that enable a more resilient UK supply chain for rare earth elements (REE).
• Critical materials for magnets: Strand 2, mid and late-stage R&D projects that accelerate the industrialisation and commercialisation of innovative processes and technologies that enable a more resilient UK supply chain for REE.