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Funding calls for 'mini' nuclear reactors

nuclear plant for web

An independent group of finance experts has called on the government to increase funding for “mini” nuclear reactors.

The government-appointed group has suggested that smaller nuclear plants should be offered the same subsidies as those provided to offshore wind developers.

The proposal would see developers of micro reactors under 600 megawatts receive subsidies to build new reactors.

It comes after the government announced a £56m research and development fund to advance types of small reactor technologies.

Energy minister Richard Harrington welcomed the group’s suggestions.

He said: “Advanced nuclear technologies provide a major opportunity to drive clean growth and could create high-skilled, well-paid jobs around the country as part of our modern industrial strategy.”

The UK government has committed itself to nuclear energy after backing Hitachi’s plans to create a plant in Wylfa on Anglesey.

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