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
Showcase your successes, present new insights, and engage in meaningful discussions with fellow professionals in materials, minerals, and mining. If you have inspiring stories, innovative approaches, and case studies that align with our M3P3 themes, we want to hear from you. Whether you're a student, early-career professional, CEO, or anywhere in between, we welcome contributions from a diverse range of backgrounds and experience levels. Submit your abstract before 30 September.