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Written question asked by Lord Mann (Labour) on Monday, 4 November 2024, in the House of Lords. It was due for an answer on Monday, 18 November 2024. It was answered by Lord Hunt of Kings Heath (Labour) on Friday, 15 November 2024 on behalf of the Department for Energy Security and Net Zero.


Nuclear Fusion: Finance

Question

To ask His Majesty's Government how much was or will be allocated in the Department for Energy Security and Net Zero's budget for the development of nuclear fusion in (1) 2023, (2) 2024, (3) 2025, (4) 2026, and (5) 2027.

Answer

The UK Atomic Energy Authority (UKAEA) is responsible for the development of fusion. In 2023/24 the Department for Energy Security and Net Zero provided £248.3m of Grant in Aid to the UKAEA, as set out in the UKAEA’s 2023/24 Annual Report and Accounts which can be found here: https://www.gov.uk/government/publications/ukaea-annual-report-and-accounts-202324-hc175

Confirmation of the amount of funding for 2025/26 will be shared in due course. A Spending Review will conclude in Spring 2025 which will set budgets for 2026/27 and beyond.


Secondary information

Type
Written question
Reference
HL2268
Session
2024-26
Subjects
Finance Nuclear fusion Department for Energy Security and Net Zero
Contains statistics
Yes
Link
View this Written question on www.parliament.uk