“Britain is one of the first to champion the development of cutting-edge nuclear projects driven by the private sector, recently announcing major commercial deals between UK and US companies,” said the Department for Energy Security and Net Zero. “This includes plans for X-Energy and Centrica to build 12 advanced modular reactors in Hartlepool, supporting 2,500 jobs, as well as plans for Holtec, EDF, and Tritax to build small modular reactors at the former coal-fired power station Cottam in Nottinghamshire, providing clean, secure power to data centres on the site. Meanwhile TerraPower is working with engineering firm KBR to explore the potential deployment of its Natrium advanced reactor technology in the UK and beyond.”
In order to speed up deployment of advanced nuclear and attract private investment, the government said it is launching a ‘pipeline’ of credible projects that meet essential readiness criteria. It said a ‘concierge-style’ service will help developers understand requirements around UK planning, regulation and fuel, as well as enabling them to crowd-in private investment.
Developers can use the to submit proposals to join the pipeline from March this year, which will then be assessed by experts in government and Great British Energy-Nuclear (GBE-N) according to key criteria such as technology status, developer capability, and financing plans. Successful applicants would receive in-principle government endorsement. While they would be expected to be privately financed, it would also open up discussions on what support from the government might be needed to help get projects off the ground, while providing value to the taxpayer and billpayer, including: revenue support once projects are operational; and risk protections for extremely rare events to develop projects with little risk for the taxpayer. Additionally, projects can approach the National Wealth Fund, who can act as a catalytic investor for projects that meet their investment criteria, and help de-risk further private investment.
“Advanced nuclear technology could revolutionise how we power industry and propel the AI data centre boom – delivering more clean energy and jobs,” said Minister for Nuclear Patrick Vallance. “We are seizing the opportunity to become a frontrunner in this space as part of our golden age of nuclear, creating the conditions for the industry to flourish.”
Lord Livermore, Financial Secretary to the Treasury, added: “This government is delivering the largest investment in nuclear power in a generation to create new jobs and to drive economic growth right across the UK. The plans we have published today will provide investors with the long-term confidence they need to back advanced nuclear technologies here in Britain.”
Announcement welcomed
“EDF is working with US company Holtec on an exciting opportunity to develop their small modular reactor (SMR) technology at the Cottam site in Nottinghamshire,” said Jane Bowie, SMR Development Director at EDF. “We also welcome the interest of X Energy and Centrica in developing our Hartlepool site for advanced modular reactors. Government recognition and support for projects like these – alongside the UK-US nuclear partnership and reforms proposed in the recent Fingleton review on nuclear regulation – will help attract finance and increase the prospects of these projects moving forward.”
Tom Greatrex, Chief Executive of the Nuclear Industry Association, said: “This framework provides welcome clarity and momentum for advanced nuclear projects in the UK. A clear process by which projects can get an in-principle government endorsement is vital to unlocking private investment and giving developers the confidence to move from ambition to delivery. That will be essential to powering an industrial revival in Britain, creating good, skilled jobs and delivering clean, reliable power for industry and the wider economy.”
The government is also publishing a , which sets out the requirements for uranium-based fuels used in civil nuclear reactors, providing clarity for the sector. It ensures alignment with national objectives for energy security, environmental protection, and long-term used fuel and waste management.
Boris Schucht, CEO of Urenco, said: “Urenco welcomes the government’s advanced nuclear framework and corresponding Statement on Civil Nuclear Fuel Use which demonstrate the UK’s clear commitment to new nuclear and strengthening the nuclear fuel cycle. As the demand for clean energy intensifies, the need for innovative nuclear solutions has never been more critical. Smaller, advanced reactors have the potential to be pivotal in decarbonising our economy. To reap these benefits, financing will be key, and we therefore applaud the government’s efforts to help stimulate private investment. Furthermore, the Statement on Civil Nuclear Fuel Use provides long-term clarity for Urenco’s existing nuclear fuel capabilities that underpin today’s reactor fleet as well as advanced nuclear fuels for next generation technologies. The government’s publications show the UK’s strategic leadership and provide confidence for the industry to continue to invest and innovate, helping to maintain the UK’s position as a leader in safe, reliable nuclear fuel production.”
