UK government announces support for next-generation nuclear technologies
The UK government has unveiled a series of measures aimed at driving growth in the nuclear sector, and positioning the UK as a world-leader in next generation nuclear technologies, including small modular reactors
At the heart of the package is a pledge to provide up to £56m to support r&d into advanced and small modular reactors.
The first stage of this finding package will see £4m made available for feasibility studies and up to £7m to further develop the capability of nuclear regulators who support and assess advanced nuclear technologies. If this goes well, up to £40m will be made available for advanced modular reactor R&D projects and up to a further £5m for regulators. The government also plans to support early access to regulators to build the capability and capacity needed to assess and licence small reactor designs and will establish an expert finance group to advise how small reactor projects could raise private investment in the UK.
In addition, the government plans to shortly launch the second phase of its Nuclear Innovation Programme, including up to £8m for work on modern safety and security methodologies and studies in advanced fuels.
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