The UK government has created the Critical Chemicals Resilience Fund with £350 million ($470 million) in funding to support the country's chemical industry. The fund will primarily support companies supplying chemicals to essential sectors, including energy, food, health care and water. The money will be used to support sites, strengthen critical supply chains, and help protect thousands of skilled jobs. Steve Elliott, CEO of the Chemical Industries Association, described the fund as "a very welcome first step" to protect UK chemical production, which has been hit by high costs and cheap imports.
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PolicyUK government creates £350 million Critical Chemicals Resilience Fund
The UK government has established the Critical Chemicals Resilience Fund with £350 million ($470 million) to support the chemical industry, focusing on companies supplying essential sectors including energy, food, health care, and water.
