Nuclear Energy: Investment
(asked on 21st February 2023) - View Source
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government what investment they are making in nuclear energy.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Government has invested £700m to develop the Sizewell C project – the first state backing for a nuclear project in over 30 years.
The Government is investing in new nuclear, launching the £120m Future Nuclear Enabling Fund as well as the £75m Nuclear Fuel Fund to develop existing and future fuel capabilities.
The Advanced Nuclear Fund of up to £385m is funding Small Modular Reactors (SMR) and Advanced Modular Reactors. Up to £210m of this is helping to develop the Rolls Royce SMR design. The Fund is also supporting an AMR Research Development & Demonstration competition.