Nuclear Power: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to provide revenue support for privately led advanced nuclear technologies as set out in the Spending Review 2025.
Answered by Michael Shanks
As set out at the Spending Review, the government is providing a pathway for privately led advanced nuclear projects. Great British Energy - Nuclear (GBEN) has been tasked with a new role in assessing proposals within a new framework to be published shortly, the National Wealth Fund exploring potential investment opportunities, and the Department for Energy Security and Net Zero exploring revenue support for viable projects.
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