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.
- A UK consortium led by Rolls-Royce has proposed an industry and Government match-funded challenge worth c £500m;
- The Government is looking to make an initial award of up to £18m to the Rolls-Royce-led consortium in early Autumn 2019. This is subject to a final decision to invest, including with business case and other approvals, and this consortium representing the best option for pursuing this technology.
Further questions on the approach to this challenge are welcomed until 16 August. If you would like more details please contact LCNEOI@innovateuk.ukri.org