A £75m (€88m, $90m) fund set up by the UK government will boost domestic production of nuclear fuel and encourage investment and expansion in new nuclear infrastructure.
The government said the nuclear fuel fund will award grants to projects that can increase the UK’s domestic nuclear fuel sector, reducing the need for foreign imports and creating the material used in nuclear power stations to generate electricity – with funding going towards designing and developing new facilities.
The government backing will encourage private sector co-investment into the projects and “ensure the UK builds on its legacy of nuclear fuel innovation and production”, a statement said.
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