UK / Rolls-Royce ‘In Process’ Of Securing Funding For Next Phase Of Reactor Project

Consortium could become first group in country to submit SMR design to regulators for approval
Rolls-Royce ‘In Process’ Of Securing Funding For Next Phase Of Reactor Project
A computer-generated image of the UK SMR being developed by a Rolls-Royce consortium. Courtesy Rolls-Royce.
A consortium led by Rolls-Royce is in the process of securing funding that will allow it to push ahead with the next phase of its UK small modular reactor (UKSMR) project and allow it to access funding set out in the government’s 10-point plan for a green industrial revolution, the company told NucNet in an email.

The funding would be in the form of a grant from UK Research and Innovation (UKRI), a national funding agency investing public money in science and research in the UK.

UKRI said late last year that the government’s 10-point plan greenlights the UKSMR programme.

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