Nuclear Fusion: Finance
(asked on 4th November 2024) - View Source
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government how much was or will be allocated in the Department for Energy Security and Net Zero's budget for the development of nuclear fusion in (1) 2023, (2) 2024, (3) 2025, (4) 2026, and (5) 2027.
Answered by
Lord Hunt of Kings Heath
Minister of State (Department for Energy Security and Net Zero)
The UK Atomic Energy Authority (UKAEA) is responsible for the development of fusion. In 2023/24 the Department for Energy Security and Net Zero provided £248.3m of Grant in Aid to the UKAEA, as set out in the UKAEA’s 2023/24 Annual Report and Accounts which can be found here: https://www.gov.uk/government/publications/ukaea-annual-report-and-accounts-202324-hc175
Confirmation of the amount of funding for 2025/26 will be shared in due course. A Spending Review will conclude in Spring 2025 which will set budgets for 2026/27 and beyond.