The UK Department for Business, Energy & Industrial Strategy (BEIS) on has announced the launch of a £120 million ($147m) Future Nuclear Enabling Fund (FNEF) to support development of new nuclear energy projects, stimulate competition in the industry and unlock investment across the UK. The FNEF will help to realise the government’s ambition to approve eight new reactors by 2030, as committed to in the British Energy Security Strategy in April. It will provide targeted, competitively-allocated government grants which will help nuclear construction projects, including small modular reactors (SMRs), to attract the private investment they need to help make them a reality. Launching the Fund from Wylfa nuclear power station in Anglesey, Business and Energy Secretary Kwasi Kwarteng said: “Our new GBP120 million fund will push forward our plan to deploy a new fleet of nuclear power stations as part of a British nuclear renaissance.
Nuclear Engineering International 16th May 2022 read more »
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