New Technologies

Part of Oral Answers to Questions — Treasury – in the House of Commons on 5th March 2019.

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Photo of Philip Hammond Philip Hammond The Chancellor of the Exchequer

The Government do indeed recognise the potential for the UK to become a leader in the development of the next generation of nuclear technologies, provided that there is demonstrable value for money for consumers and taxpayers. To that end, my right hon. Friend the Secretary of State for Business, Energy and Industrial Strategy is considering an industrial strategy challenge fund proposal for small modular reactors, and whether it would provide value for money.