Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether he has made an assessment of the potential impact for his policies of Newcleo’s decision not to provide funding for clear reactors in the UK.

As set out at the Spending Review, the Government’s policy is to develop a new framework for privately-led advanced nuclear projects to be published shortly. The framework will have a new role for Great British Energy – Nuclear assessing proposals, with the National Wealth Fund exploring potential investment opportunities and the Department for Energy Security and Net Zero exploring revenue support for viable projects.

Newcleo LTD’s decision to suspend its advanced nuclear activities in the UK was a commercial decision for the company.