Tuesday, July 19, 2022

Boosting production of nuclear fuel

An important step today in the development of low-carbon energy in Britain and potential good news for Cumbria: the government is boosting production of nuclear fuel with a £75 million fund to drive investment that will shore up our energy security while creating jobs.

  • As Britain invests in eight new nuclear power stations, we also need to boost our investment in domestic nuclear fuel production so we have the material we need to power the nuclear reactors of today and tomorrow.
  • That is why the government has today opened our new, £75 million Nuclear Fuel Fund which will give grants to projects that can increase the UK’s domestic nuclear fuel sector by designing and developing new facilities.
  • This funding will kickstart projects in the UK and generate private investment in facilities that will fuel Britain’s eight new nuclear power stations, shoring up our energy security while creating jobs.

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