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Britain’s plans to become a leader in Small Modular Nuclear Reactors

The government has announced up to £56m in funding for the development of
mini-nuclear plants. The money will be available over the next three years
to assess the potential of designs of advanced and small modular reactors
(SMRs). It will also support early access to regulators in order to build
the capability and capacity needed to assess and licence SMRs and will
establish an expert finance group to advise how small reactor projects
could raise private investment in the UK. The first round of funding
comprises up to £4m for feasibility studies and up to £7m to further
develop their capability. Should these efforts prove successful, up to
£40m will be made available for R&D projects to bring the technology into
the mainstream. The government said it wanted the UK to become a world
leader in developing the next generation of nuclear technologies.

Engineering & Technology 8th Dec 2017

https://eandt.theiet.org/content/articles/2017/12/mini-nuclear-power-plant-concept-gets-56m-funding-boost-from-uk-government/

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December 11, 2017 - Posted by | politics, Small Modular Nuclear Reactors, UK

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