UK government promises £350 million support for the chemicals sector

By Mason Wakley2026-05-22T13:01:00

Peter Kyle MP, Secretary of State for Science, Innovation and Technology leaves after the Cabinet Meeting at No 10 Downing Street.

Source: © Shutterstock

Officials say funding will help industry build resilience, remain competitive and decarbonise

The UK government will provide £350 million for a Critical Chemicals Resilience Fund to further support the country’s ‘strategically important’ chemicals producers. Government officials said that the money will help firms stay competitive, modernise infrastructure, decarbonise and electrify their processes. An additional £120 million of support will be targeted to the ceramics sector.