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.
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.