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Written question asked by Lord Bourne of Aberystwyth (Conservative) on Tuesday, 21 February 2023, in the House of Lords. It was due for an answer on Tuesday, 7 March 2023. It was answered by Lord Callanan (Conservative) on Tuesday, 7 March 2023 on behalf of the Department for Energy Security and Net Zero.


Nuclear Energy: Investment

Question

To ask His Majesty's Government what investment they are making in nuclear energy.

Answer

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.


Secondary information

Type
Written question
Reference
HL5738
Session
2022-23
Subjects
Investment Nuclear power
Contains statistics
Yes
Link
View this Written question on www.parliament.uk