The UK economy has gained £1.4bn (€1.57bn, $1.87) worth over a decade from public investment in the national fusion energy programme and an average of 4,000 jobs each year, a new study shows.
The study, published by the Department for Business, Energy and Industry Strategy (BEIS) found that for every £1 invested in in the UK Atomic Energy Authority’s (UKAEA) fusion research from 2009 to 2019, approximately £4 is pumped back into the economy.
According to the study, allocated funding for fusion over the 10-year period of £346.7m resulted in a direct gain of £1.4bn for the UK economy and the direct and indirect creation of 36,900 “job years”, equivalent to the creation of 4,000 jobs on average annually.
The study, published by the Department for Business, Energy and Industry Strategy (BEIS) found that for every £1 invested in in the UK Atomic Energy Authority’s (UKAEA) fusion research from 2009 to 2019, approximately £4 is pumped back into the economy.
According to the study, allocated funding for fusion over the 10-year period of £346.7m resulted in a direct gain of £1.4bn for the UK economy and the direct and indirect creation of 36,900 “job years”, equivalent to the creation of 4,000 jobs on average annually.
Want to keep reading?
Register free and get full access to NucNet for 14 days. No card required.
- Daily news briefing on the global nuclear industry
- Weekly, monthly and topical newsletters
- 24/7 coverage during nuclear incidents and safety events
- Full searchable archive, 30,000+ articles since 1991
- SMR and AMR project database
- Analysis, Focus pieces and infographics
- NucNet Style Guide for nuclear reporters and communicators
After the trial, keep a free account for a newsletter and a complimentary Plus article every two weeks. Or see our subscription plans for individuals and organisations.
See subscription options
