Nuclear Sector Deal Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Philip Hollobone
Main Page: Philip Hollobone (Conservative - Kettering)Department Debates - View all Philip Hollobone's debates with the Department for Business, Energy and Industrial Strategy
(5 years, 10 months ago)
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Mr Gyimah
As part of our industrial strategy, we committed ourselves to a series of sector deals. So far, five have been announced, including the life sciences deal, the automotive sector deal, the artificial intelligence deal, and the nuclear sector deal announced today. We are looking for opportunities across the board, and if there is an opportunity for us to develop a sector deal working with industry, we are willing to proceed. As the hon. Lady knows, clean growth is one of the four grand challenges in the industrial strategy, and we will make sure that we do everything we need to do to make a success of it.
Mr Philip Hollobone (Kettering) (Con)
The Minister has confirmed that the new nuclear sector deal plans to reduce the costs both of new-build nuclear projects and of decommissioning old nuclear sites. By how much and by when?
Mr Gyimah
We can always on my hon. Friend for a very precise question. We expect, by 2030, a 30% reduction in the cost of new-build projects. We also want, by 2030, to improve diversity across the sector by achieving 40% female participation, as I mentioned. Again by 2030, we expect to achieve savings of 20% in the cost of decommissioning.