Nuclear Power

(asked on 15th March 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 to support new nuclear developers that do not require any public funding.


Answered by
Andrew Bowie Portrait
Andrew Bowie
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 23rd March 2023

As announced by my Rt. Hon. Friend Mr Chancellor of the Exchequer in the Spring Budget on 15th March, the Government is launching Great British Nuclear (GBN) to address constraints in the nuclear market and support new nuclear builds as the government works towards net zero. GBN will enable an ambitious civil nuclear programme and ensure the UK is one of the best places in the world to invest in new nuclear. Our intention is that GBN will launch the first staged competition for Small Modular Reactors. Further details on GBN’s set up, leadership and operations will be announced by the end of March. As the Chancellor also confirmed, subject to consultation the Government intends to include nuclear in the UK Green Taxonomy, facilitating investment into this important technology alongside renewables.

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