<p>The 2022 British Energy Security Strategy set out our ambition to deploy up to 24 Gigawatts of civil nuclear generation by 2050, around 25% of our projected 2050 electricity demand.</p><p> </p><p>GBN is running an SMR technology selection process to select those technologies best able to facilitate Final Investment Decisions in the next Parliament and be operational by the mid-2030s.</p><p> </p><p>In November 2021, Government announced £210m in new funding for Rolls-Royce SMR, awarded through the Low-Cost Nuclear challenge. This investment was to further develop SMR design and take it through the regulatory processes to assess suitability of potential deployment in the UK.</p>