Nuclear Power: Exports

(asked on 19th February 2024) - View Source

Question to the Department for Business and Trade:

To ask His Majesty's Government what support is available to businesses that export British civil nuclear technology, including small modular reactors.


Answered by
Lord Offord of Garvel Portrait
Lord Offord of Garvel
Parliamentary Under Secretary of State (Department for Business and Trade)
This question was answered on 5th March 2024

My Department recognises that nuclear technology, including small modular reactors (SMRs), offers a significant UK export opportunity, which could create substantial economic benefits.

The Department for Business and Trade is proud to be supporting the sector, including SMR technology companies, and is working closely with the Department for Energy Security and Net Zero and the Foreign, Commonwealth & Development Ofiice, and across our overseas network, to offer a full range of support for UK exports to responsible nuclear nations.

This includes UK Export Finance, who can consider a range of options to support overseas sales, including loan guarantees for foreign buyers, and working capital, insurance and bond support products to assist UK suppliers.

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