Source · Select Committees · Science, Innovation and Technology Committee
Recommendation 22
22
Accepted
Paragraph: 121
Regulatory environment and incentives crucial for private investment in Advanced Modular Reactors (AMRs).
Conclusion
Whilst investment by Government in early stage and demonstrator reactors will drive forward innovation for advanced modular reactors (AMRs), bringing them closer to commercialisation, what is also important is the UK having a regulatory environment and incentives for private investment. This has been demonstrated to work in the UK’s fusion sector, where as well as strong Government funded demonstrator programme, the regulatory system, skills environment and developing supply chain, is attracting private companies and private investment to the UK.
Government Response Summary
The government agrees with the committee's findings and announced funding in July for USNC UK and NNL-JAEA for Phase B of the Advanced Modular Reactor Research, Development and Demonstration programme, aiming for an AMR demonstration by the early 2030s.
Paragraph Reference:
121
Government Response
Accepted
HM Government
Accepted
The Government agrees with the findings from the committee and are working towards accelerating the Advanced Modular Reactor Research, Development and Demonstration programme. In July this year, funding was announced for USNC UK and NNL-JAEA for Phase B of the programme that aims to enable an AMR demonstration by the early 2030s.