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Government announced £31 million of funding to develop nuclear technology and a long-term nuclear energy strategy today.
The strategy, published by the Department of Business, Innovation and Skills (BIS), reaffirmed government’s position that nuclear power will make “a major contribution to the longer term energy mix”.
As part of that strategy, there will be funding for 35 projects to develop new technologies for construction, operation and decommissioning of nuclear power plants.
Business secretary Vince Cable said: “There are huge global opportunities that the UK is well placed to take advantage of in the nuclear industry. Our strong research base will help develop exciting new technologies that can be commercialised here and then exported across the globe.”
The Technology Strategy Board, Department of Energy and Climate Change, the Nuclear Decommissioning Authority and the Engineering and Physical Sciences Research Council are putting up a total of £18 million. This is expected to leverage an extra £13 million.
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