Nuclear Power: Finance

(asked on 15th July 2025) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to provide revenue support for privately led advanced nuclear technologies as set out in the Spending Review 2025.


Answered by
Michael Shanks Portrait
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 23rd July 2025

As set out at the Spending Review, the government is providing a pathway for privately led advanced nuclear projects. Great British Energy - Nuclear (GBEN) has been tasked with a new role in assessing proposals within a new framework to be published shortly, the National Wealth Fund exploring potential investment opportunities, and the Department for Energy Security and Net Zero exploring revenue support for viable projects.

Reticulating Splines