Small Modular Reactors: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, how much funding he plans to provide through Great British Energy for small modular reactors over the next 10 years.
Answered by Michael Shanks
As Great British Energy (GBE) will be operationally independent, the exact mix of technologies GBE chooses to invest in will be determined by the company due course.
The Government is considering how GBE and Great British Nuclear (GBN) can work best together to ensure that the UK achieves energy security and clean power whilst securing thousands of skilled jobs. GBN is pushing forward with the SMR competition for UK deployment. GBN is in negotiation with four companies; once negotiations have concluded, they will be invited to submit final tenders, which GBN will then evaluate. Final decisions will be taken in the spring.
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