The Government recognises the potential of small modular reactors (SMRs) and is keen to place the UK at the heart of SMR development. In order to support this aim, my rt. hon. Friend Mr Chancellor of the Exchequer announced in November that Government will launch a competition to identify which SMR design would offer best value for development in the UK. DECC has commissioned a techno-economic assessment of SMRs which will contribute to our evidence base in this policy area. It will report as soon as possible.