In the Ten Point Plan for a Green Industrial Revolution, my Rt. Hon. Friend the Prime Minister announced an up to £385 million Advanced Nuclear Fund to invest in the next generation of nuclear technologies. The Advanced Nuclear Fund includes up to £215 million to develop a domestic Small Modular Reactors (SMR) design and up to £170 million for an Advanced Modular Reactors (AMRs) research and development programme, with an aim to build an AMR demonstrator by the early 2030s.
We are also committed to supporting the wider UK nuclear energy sector to help deliver advanced nuclear technologies to market.