Consultation on funding for large-scale nuclear power stations and £18m Gov pledge to support SMRs

Posted by Hazel Duhy on in Sector Group News, Nuclear Decommissioning and Waste (including Storage), Construction, Manufacturing and Nuclear New Build, UK News.

The launch of a consultation into funding large-scale nuclear power stations and an £18 million Government investment into the development of small modular reactors has been welcomed in Cumbria.

Amid the unveiling of new Conservative leader and Prime Minister Boris Johnson, the Government announced the start of a consultation on a proposed Nuclear Regulated Asset Base (RAB) model to fund large power stations and support for the development of smaller and less expensive equivalents.

The two issues have been keenly watched in Cumbria, with both Britain’s Energy Coast Business Cluster and Copeland MP Trudy Harrison, welcoming the latest developments.

Read more at in-Cumbria online