Investing in Great British Nuclear
Today Grant Shapps MP announced the opening of Great British Nuclear, rapidly expanding nuclear power across the country to boost energy security, cut bills and grow the economy.
- The government's aim is to have up to a quarter of all the UK’s electricity coming from nuclear energy – a clean, safe, reliable, and abundant supply of homegrown energy. That’s up to 24 gigawatts of electricity coming from nuclear, enough to power 24 million homes across the country.
- That is why from today companies can register their interest with Great British Nuclear to secure funding support to develop their products, harnessing billions of pounds of public and private sector investment in small modular reactors. We are also providing a grant funding package of £157 million to rapidly boosting our homegrown supply of nuclear and other clean, reliable, energy.
- This will not only boost our energy security, but will also create better-paid jobs across the county, drive down bills in the long-term, and help grow the economy – one of the Prime Minister’s five priorities.