Next steps in developing the design for one of the world’s first small modular reactors (SMR) has been backed by £210 million in new government funding for Rolls-Royce SMR, the UK government has announced today (Tuesday 9 November 2021), delivering on the Prime Minister’s Ten Point Plan and creating good high-skilled jobs.
Matched by private sector funding of over £250 million, today’s investment will take forward phase 2 of the Low-Cost Nuclear project to further develop SMR design and take it through the regulatory processes to assess suitability of potential deployment in the UK.
New nuclear has a crucial role to play in providing reliable, affordable, low carbon energy as Britain works to reduce its dependency on volatile fossil fuels and exposure to global gas price spikes.
Read more here: UK backs new small nuclear technology with £210 million – GOV.UK