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UK government to unveil GBP200 million nuclear investment

25th Mar 2024 05:51

(Alliance News) - Prime Minister Rishi Sunak will on Monday announce GBP200 million of public investment to boost the UK's nuclear deterrent programme and its civil nuclear industry, which the government says will support 40,000 expected new jobs.

The government will partner with industry leaders including BAE Systems PLC, Rolls-Royce Holdings PLC and EDF and Babcock International Group PLC to invest at least GBP763 million by 2030 in skills, jobs and education, Sunak's Downing Street office said in a press release ahead of his announcement. 

The investment aims to ensure that the northern England town of Barrow-in-Furness, where Sunak will make the announcement, "thrives as the home of UK nuclear submarine-building".

"Safeguarding the future of our nuclear deterrent and nuclear energy industry is a critical national endeavour," Sunak said ahead of his visit.

"In a more dangerous and contested world, the UK's continuous at-sea nuclear deterrent is more vital than ever. And nuclear delivers cheaper, cleaner home-grown energy for consumers," he added.

"That's why we are investing in Barrow, the home of UK submarines, and in the jobs and skills of the future in the thriving British nuclear industry." 

source: AFP

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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