Nuclear Power: Finance
Lords · Question HL8177 · Tabled 5 Jun 2025 · Department for Energy Security and Net Zero · Official record
Answered 19 Jun 2025
Question
Asked by Lord Jones of Penybont
To ask His Majesty's Government what steps they are taking to fund advanced nuclear technologies through the generic design assessment process.
Answer
Answered by Lord Wilson of Sedgefield, 19 Jun 2025
The costs of nuclear regulatory services, like Generic Design Assessment, are charged to companies in regulation. The Government part-funded 3 companies to undertake GDA for their Small Modular Reactor designs through the Low-Cost Nuclear Challenge and Fu...