Strategic Materials
Policy Tracker
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GBUnited KingdomNational Wealth Fund

Tungsten West

Restart of production at the Hemerdon tungsten and tin mine

CommitmentSeveral instruments, split not statedPublic enterpriseAnnounced

fin-uk-nwf-2026-tungsten-west-package

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 toGBP71 million

As stated “an investment of up to £71 million in Tungsten West”

GBP 71,000,000 · 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.

Stated outcomes

Who says it matters: a company target is not a government commitment.

Target dateStated by the recipient

2027

“The Company is targeting ramp up to full scale production in Q1 2027.”

First quarter of 2027.

National Wealth Fund

Direct jobsStated by the government

approximately 350 direct jobs

“The Hemerdon project is expected to support around 350 direct jobs once fully operational”

Stated by the National Wealth Fund, which is wholly owned by HM Treasury.

National Wealth Fund

Notes

The package total; its equity and lending components are recorded as parts of it. The stages render "construction, commissioning and processing costs associated with restarting production".

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 · Status · Outcomes
    Evidence level
    Explicit
    Location in document
    Opening paragraphs
    Qualification
    The National Wealth Fund is "wholly owned by HM Treasury".
    View source dossier →