UKEF can offer a loan guarantee to an overseas project or company producing critical minerals (mining, extraction, processing) or overseas suppliers of goods containing critical minerals (e.g. manufacturing). The finance can be used for specific purposes, such as setting up, expanding, or supporting the applicant’s operations.

To be eligible, the applicant needs to have long-term offtake contract in place to supply UK exporters.

The good in question needs to contain a Critical Minerals on the UK’s Critical Minerals list developed by the Critical Minerals Intelligence Centre. UKEF may be able to support other minerals on a case-by-case basis upon UK government consideration.