Nuclear Power: Technology
(asked on 27th April 2023) - View Source
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking with Cabinet colleagues to support nuclear technology companies.
Answered by
Andrew Bowie
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 3rd May 2023
The Government provides a range of support to nuclear technology companies. This includes:
- Investment of £700m to develop the Sizewell C project;
- Grant schemes such as the up to £120m Future Nuclear Enabling Fund and up to £75m Nuclear Fuel Fund to support, respectively, new nuclear projects and the UK’s nuclear fuel supply chain;
- R&D initiatives like the up to £385m Advanced Nuclear Fund that funds Small Modular Reactor (SMR) and Advanced Modular Reactor development. Up to £210m of this is helping to develop Rolls Royce’s SMR design; and
- Launching Great British Nuclear to drive delivery of new nuclear projects.