IOM3 Spending Review asks
IOM3 has highlighted the key role of materials, minerals and mining in its Spending Review representation.
The Spending Review 2025 will set out all UK Government departments’ budgets for the next three years. IOM3 has submitted a response to the Treasury’s call for representations on the spending priorities.
In its submission, IOM3 set out the fundamental role of materials to the UK’s economy, health, energy transition and national security. It highlights their sourcing, use and management is central to achieving the UK government’s strategic missions and ensuring economic, social and environmental development. Current activity, however, lacks a strategic, cross-government approach resulting in substantial risks, vulnerabilities, inefficiencies and waste.
A joined-up and overarching approach and proper understanding of materials flows would deliver a significant contribution to achieving the government’s missions. IOM3 therefore called for the Spending Review to address the following priorities:
- Establish and implement a UK Materials Strategy
- Advance the transition to a more circular economy
- Bolster the UK’s approach to critical materials
- Support energy intensive industries to decarbonise
- Deliver a plan for skills and workforce development across materials, minerals and mining
Read the full IOM3 submission:
Materials, Minerals & Mining for People, Places, Planet
Join IOM3 at M3P3: Materials, Minerals & Mining for People, Places, Planet on 11–12 November 2025 at Millennium Point, Birmingham. This two-day event will bring together industry leaders to explore key topics like AI, sustainability, and the circular economy. M3P3 is all about collaboration, fresh ideas, and real conversations, offering opportunities for networking, professional development, and tackling the challenges shaping the future. Want to get involved? We'd love to chat.