Move to drive down energy costs & reduce emissions

£200m sector deal to boost nuclear industry

UK signs £200m sector deal to boost nuclear industry

Business and Energy Secretary Greg Clark said the move would drive down energy costs, reduce emissions and improve resilience

The government has signed a £200 million Nuclear Sector Deal to make the UK’s energy mix more diverse and affordable

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The deal aims to drive cleaner economic growth, promote new opportunities in the sector and develop the technology and skills needed to maintain the UK’s position as a nuclear energy leader.

The industry has vowed to reduce the cost of new nuclear build projects by 30% before 2030 and cut the cost of decommissioning old nuclear sites by 20% by this time.

Business and Energy Secretary Greg Clark said the deal includes a £32 million boost from government and businesses to kick-start a new advanced manufacturing programme, as well as £86 million for strengthening the national fusion technology platform at the UK Atomic Energy Authority’s Science Centre in Culham, Oxfordshire

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The government also committed to increasing the proportion of women working in the sector from 22% to 40% by 2030 and said it would help smaller companies access higher value contracts and new markets.

It will offer around £44 million for research and development funding to support the development of advanced modular reactors and launch a new review to look at ways to accelerate the clean-up of old nuclear sites.

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