A BUSINESS leader has welcomed the £28.75-million investment towards re-opening an iconic tin mine in Pool near Redruth.

John Brown, the CEO of Cornwall Chamber of Commerce, believes the strategic investment Cornish Metals has received from the HM Treasury National Wealth Fund to help restart South Crofty Tin Mine is a “landmark moment.”

Mr Brown said: “The investment into South Crofty represents not only the rejuvenation of an industry with a profound heritage but also a bold step into a regenerative future.

“Cornwall has long been synonymous with innovation, resilience, and enterprise, and this funding signals a new chapter where our region plays a pivotal role in shaping an electrified future.

“This investment by the UK’s National Wealth Fund acts as a powerful endorsement of the project’s significance and reinforces the idea that Cornwall remains at the forefront of the regenerative economy as well as showcasing what it means to lift the floor for our communities while raising the ceiling of opportunity for generations to come."