In reaction to the Government’s publication of the Nuclear Roadmap, Tom Greatrex, Chief Executive of the NIA, said:
“We welcome the publication of the Roadmap. The commitment to explore a further large-scale project beyond Sizewell C in parallel with the deployment of SMRs is very welcome. We will need both large and small nuclear at scale and at pace for our energy security and net zero future. Allowing developers to engage with the Government about Regulated Asset Base funding models should also make it cheaper to finance projects, cutting costs to the consumer. Ensuring a programmatic approach, with decisions on 3-7GW in each five year period, provides the greater clarity and predictability, which in turn enables supply chain investment and more UK content in the future fleet.
“The commitments to maximise our use of regulatory assessments already undertaken overseas will help get innovative reactor designs into construction faster and reduce the duplication in regulatory activity that eats up time for no additional benefit.
“We also welcome the firm commitment to get rid of Russian fuel, and we hope that this will be followed by immediate sanctions and a legislative ban to set an example to our allies and set the commercial conditions for major investment in UK nuclear fuel manufacturing capability.”
“Nuclear is an integral part of the UK’s route to energy security and decarbonisation with economic activity, jobs and growth across the country. Following this roadmap, at pace and with focus, will enable the most effective and efficient delivery of that vital capacity. To that end, we keenly await GBN’s announcement on the successful winners of the SMR competition and the swift launch of the UK Green Taxonomy consultation.”
ENDS
About the NIA
The NIA is the trade body of the UK civil nuclear industry, representing more than 270 companies operating across the sector.
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For further information, please contact:
Lincoln Hill, Director of Policy and External Affairs
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07554 701 533
