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Low-Cost Nuclear

Low-Cost Nuclear

Standardised Small Modular Reactors (SMRs) promise to provide the UK a versatile option that can be built quickly as we move towards a net-zero economy.

  • The Low-cost nuclear challenge proposed by a Rolls-Royce led consortium aims to develop a Small Modular Reactor designed and manufactured in the UK capable of producing cost effective low carbon electricity and creating significant export opportunities for UK businesses.
  • An initial £36 million joint public and private investment, with £18m of the investment from the Industrial Strategy Challenge Fund, will enable the consortium to further develop their design.
  • This is part of a greater bid into the Industrial Strategy Challenge Fund worth £500 million (joint investment with the private sector), subject to future approvals and a final decision to make public investment.