Nuclear Power: Finance

(asked on 2nd December 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the £385m Advanced Nuclear Fund announced in his Department's Ten Point Plan for a Green Industrial Revolution, published November 2020, how much of the fund was previously announced as part of the £172m of Government funding within the nuclear sector deal.


Answered by
Kwasi Kwarteng Portrait
Kwasi Kwarteng
This question was answered on 7th December 2020

My Rt. Hon. Friend the Prime Minister has announced a broad set of policy measures to drive the UK to net zero, including a new £1bn net zero innovation portfolio from 2021 to accelerate the commercialisation of innovative low-carbon technologies, systems and business models in power, buildings and industry.

The £385m Advanced Nuclear Fund contains funding for both Small and Advanced Modular Reactors. Up to £30m of existing contracts and commitments from the nuclear sector deal for the nuclear innovation programme will continue to be funded through the Advanced Nuclear Fund.

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