North West shares in £40m to kick start next-gen nuclear technology
14 July, 2020
category: Business Support
The Government today announced £40m of funding to unlock thousands of green jobs by developing the next generation of nuclear energy technology.
Several schemes are situated in the North West.
Part of this funding will support three Advanced Modular Reactor (AMR) projects, which are far smaller than traditional nuclear plants and use intense heat generated in nuclear reactions to produce low-carbon electricity.
They can be used at remote locations thanks to their size, and can produce enough energy to power anything from a small village to a medium-sized city.
Up to £30m of funding will speed up the development of the three AMR projects, including sites in Cheshire and Lancashire, and drive them closer towards supplying low-carbon energy to the nation.
The remaining £10m will be invested into unlocking smaller research, design, and manufacturing projects to create up to 200 jobs.