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<p>The Government has not made contractual commitments to the constructors of Small Modular Reactors (SMRs) and no SMR projects have yet reached Final Investment Decision (FID) or begun construction.</p><p> </p><p>However, the Government has committed up to £385m for R&D through the Advanced Nuclear Fund, including up to £210m for Rolls Royce SMR Ltd, to develop further their design for one of the world’s first Small Modular Reactors.</p><p> </p><p>In 2023, the Government intends to run a selection process to identify projects, including SMRs, that might reach FID in the next Parliament.</p> |