Multi-million pound backing for nuclear energy technology
The UK Government has announced £40m of national funding to unlock thousands of green jobs by developing the next generation of nuclear energy technology.
£5m from this initiative will be invested in British companies and start-ups, developing new ways of manufacturing advanced nuclear parts for modular reactor projects both at home and abroad.
Regional projects that have secured funding so far include three schemes in Yorkshire:
- Laser Additive Solutions, SonicSMR, in Doncaster – £826,633
- Cavendish Nuclear, AWESIM in Sheffield – £1.3m
- Sheffield Forgemasters, large scale thick section electron beam welding – £8m
A Government spokesman explained: “The funding will develop technologies to supply low-carbon heat, hydrogen, and other clean energy for decades to come.
“Building new, low-carbon industry will support the UK’s clean economic recovery as we move towards net zero emissions by 2050.
“Recent research has shown that the UK’s entire nuclear industry could contribute £9.6bn per annum to the economy and support 130,000 jobs by 2050.”