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£31 million funding to develop nuclear technology

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The government have announced that there will be £31 million of funding going to nuclear technology and a long-term nuclear strategy.

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”.

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.”

A total of £18 million is being funded by The Technology Strategy Board, Department of Energy and Climate Change, the Nuclear Decommissioning Authority and the Engineering and Physical Sciences Research Council, which is hoped to leverage another £13 million.



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