Cornish Lithium secures £53.6m fund boost from UK Infrastructure Bank

Cecilia Keating
clock • 3 min read
Cornish lithium exploration at Gwennap | Credit: Neil Williams
Image:

Cornish lithium exploration at Gwennap | Credit: Neil Williams

Business Secretary Kemi Badenoch hails investment in domestic lithuim producer as 'fantastic news' for the UK EV industry

Lithium exploration company Cornish Lithium has secured $53.6m in investment from a group of institutional investors, in a funding round led by the government-backed UK Infrastructure Bank. The public...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

Octopus Electric Vehicles and Admiral Pioneer team up for affordable EV insurance offer

Octopus Electric Vehicles and Admiral Pioneer team up for affordable EV insurance offer

Companies claim new offer can save EV drivers taking advantage of salary sacrifice scheme up to £550 on insurance costs

clock 22 January 2026 • 2 min read
Britain's EV boom is a test of execution, not electricity scarcity

Britain's EV boom is a test of execution, not electricity scarcity

Lengthy connection queues and under-investment in local infrastructure risk slowing the EV rollout even where demand and generation are sufficient, writes Verulam Capital's Maria Taylor

Maria Taylor, Verulam Capital
clock 22 January 2026 • 3 min read
Study: Plug-in hybrid drivers paying unexpected 'premium' of over £450 a year

Study: Plug-in hybrid drivers paying unexpected 'premium' of over £450 a year

PHEVs typically consume over five times more than manufacturers claim, driving average running costs up to almost £1,000 per year, new ECIU analysis finds

Stuart Stone
clock 21 January 2026 • 3 min read