Nuclear Power: Exports

Department for Business and Trade written question – answered at on 15 May 2024.

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Photo of Mark Menzies Mark Menzies Independent, Fylde

To ask the Secretary of State for Business and Trade, what steps she is taking to support the UK nuclear industry to increase exports.

Photo of Greg Hands Greg Hands Party Chair, Conservative Party, Minister of State (Department for Business and Trade)

The UK has extensive expertise across the nuclear life cycle, from new build, fuel to decommissioning and waste management.

The Department recognises the export potential offered by a growing global market and is working closely with other government departments, our overseas network, and industry to offer a full range of support for UK civil nuclear exports across markets including Japan, France, Central Europe and Ukraine.

This includes UK Export Finance, who can consider a range of options to support overseas sales, including loan guarantees for foreign buyers, working capital, insurance, and bond support products to assist UK suppliers.

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