Funding for the development of Advanced Modular nuclear Reactors

The UK government announced GBP 40 million of funding to develop the next generation of nuclear energy technology, and create jobs in R&D and manufacturing.

 

GBP 30 million will be going towards the development of three Advanced Modular Reactors (AMR) projects in Oxfordshire, Cheshire and Lancashire. AMRs are smaller than traditional nuclear plants and produce low-carbon electricity. Due to their size, they can be used at remote locations, and can produce enough energy to power anything from a small village to a medium-sized city.

 

The remaining £10 million will be invested into unlocking smaller research, design, and manufacturing projects to create up to 200 jobs.

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