The Chemical Business Association (CBA) is excited about the UK Government's announcement of a new £350 million Critical Chemicals Resilience Fund, viewing it as a major step forward in acknowledging the vital role of the UK chemical sector.
This funding is designed to support key chemical producers, bolster essential supply chains, and enhance the long-term resilience of the UK industry.
As the voice of the chemical supply chain, the CBA has long advocated for more recognition and targeted support for the sector, highlighting that it has often been overlooked despite its crucial contributions to the UK economy and the broader manufacturing landscape.
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Tim Doggett, the CEO of the CBA, expressed his thoughts:
“For far too long, the chemical sector has not received the recognition and support it needs to stay competitive and resilient. This announcement is a promising indication that the Government is finally paying attention to our industry and starting to appreciate the strategic importance of a sector that is foundational to nearly every aspect of modern life and plays a vital role in the UK economy.
“We wholeheartedly welcome the launch of the Critical Chemicals Resilience Fund and the Government's commitment to collaborate more closely with us on the long-term challenges our sector faces. As Business Secretary Peter Kyle mentioned, this initiative is about ‘providing certainty to the industries that are essential to our daily lives and our economic future,’ and that’s precisely the message we’ve been advocating for on behalf of our members, the chemical supply chain, and the industry as a whole.”
The Chemical Business Association (CBA) is excited about the UK Government's announcement of a new £350 million Critical Chemicals Resilience Fund, viewing it as a major step forward in acknowledging the vital role of the UK chemical sector.
This funding is designed to support key chemical producers, bolster essential supply chains, and enhance the long-term resilience of the UK industry.
As the voice of the chemical supply chain, the CBA has long advocated for more recognition and targeted support for the sector, highlighting that it has often been overlooked despite its crucial contributions to the UK economy and the broader manufacturing landscape.
Tim Doggett, the CEO of the CBA, expressed his thoughts:
“For far too long, the chemical sector has not received the recognition and support it needs to stay competitive and resilient. This announcement is a promising indication that the Government is finally paying attention to our industry and starting to appreciate the strategic importance of a sector that is foundational to nearly every aspect of modern life and plays a vital role in the UK economy.
“We wholeheartedly welcome the launch of the Critical Chemicals Resilience Fund and the Government's commitment to collaborate more closely with us on the long-term challenges our sector faces. As Business Secretary Peter Kyle mentioned, this initiative is about ‘providing certainty to the industries that are essential to our daily lives and our economic future,’ and that’s precisely the message we’ve been advocating for on behalf of our members, the chemical supply chain, and the industry as a whole.”
Doggett wrapped up by emphasizing the need for a long-term strategy to ensure growth in the sector:
“The funding announcement is a positive move, but it should signal the start of ongoing efforts rather than just a one-time fix. Chemicals play a crucial role in the UK’s industrial strength and economic stability, with over 96% of manufactured products depending on chemical inputs.
“The Critical Chemicals Resilience Fund must be backed by a solid, long-term plan that provides the industry with certainty, keeps us competitive, and allows for confident investment decisions.”
Alongside the support for the chemical sector, the Government has also unveiled a separate £120 million initiative for the ceramics industry, focused on boosting energy efficiency, aiding decarbonization, and strengthening the long-term competitiveness of UK manufacturing.
