Question to the Department for Business and Trade:

To ask His Majesty's Government, with reference to the National Wealth Fund, whether they plan to establish a fund to increase (1) domestic remelting infrastructure, and (2) collection logistics for scrap aluminium.

The National Wealth Fund (NWF) is the UK Government’s principal investor and policy bank. It invests according to its investment principles which are agreed with HMG but remains operationally independent. Financing would be available for companies operating in the domestic remelting field or collection logistics for scrap aluminimum providing they met the investment criteria.

Aluminium is recognised through the UK’s 2024 Critically Assessment as a critical material. The Government remains committed to supporting strategic industries such as aluminium, recognising their essential role in the UK’s net zero ambitions and economic future.