Strategic Materials
Policy Tracker
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GBUnited KingdomNational Wealth Fund

Tungsten West

Restart of production at the Hemerdon tungsten and tin mine

CommitmentLoanPublic enterpriseAnnounced

fin-uk-nwf-2026-tungsten-west-lending

Reading this record

What the evidence says — and does not say

What kind of figure?
CommitmentMoney, or a money-like promise, committed to a named recipient or project. The only role ever summed.
What has happened legally?
AnnouncedPublicly announced; no decision or agreement is stated.
Has money been paid?
Follow the payment evidenceThis status does not itself establish a cash payment. In particular, a signed contract does not necessarily establish an obligation of funds.
What does it link to?
Project attributionOne registered project is linked directly to this row. The link alone does not prove the amount was paid or that the project advanced.

This is a commitment role, but the financial status still determines legal standing and payment. Funding and verified industrial outcomes remain separate. A financial record alone never independently verifies construction, commissioning or production. Read SMPT's counting and evidence rules.

Amount

up toGBP35 million

As stated “up to £35 million of lending”

GBP 35,000,000 · Up to · Currency stated in the source

Place in the money chain

A figure is never counted together with a figure it is part of or drawn from.

Record

Provider
National Wealth FundNational Wealth FundPublic financier
Legal authority
Not stated
Programme
None named
Recipient
Tungsten WestTungsten WestCompany
Project
Restart of production at the Hemerdon tungsten and tin mineHemerdon tungsten and tin mine capital stack →
Facility
Hemerdon mine
Location
on the outskirts of PlymouthGB
Stages
Mining, ProcessingSeveral stages, split not stated
Materials
TungstenAlso names: tinIncludes untracked materials

Status

Financial and physical progress are separate histories. The last entry is current.

Financial

  1. Announcedcurrent

    National Wealth Fund

Implementation

No source states the physical status of a project for this row.

Evidence

Every populated field names the source that states it, how directly, and where.

  1. National Wealth Fund backs Tungsten West to unlock critical UK tungsten supply

    National Wealth Fund

    Fields supported
    Instrument · Value role · Capital source · Amount · Provider · Recipient · Project · Facility · Location · Supply-chain stages · Materials · Related commitments · Status
    Evidence level
    Explicit
    Location in document
    Second paragraph
    View source dossier →