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Shapps announces £157m in grants at launch of new UK nuclear body

https://www.theguardian.com/business/2023/jul/18/grants-of-157m-offered-in-support-of-uks-nuclear-power-industry

Great British Nuclear created to deliver government’s commitment to boosting electricity generation, in part through smaller reactors

Shapps announces £157m in grants at launch of new UK nuclear body

5 comments

Noit

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I feel like this is a “finally” moment, but I’m fairly keen on the idea of SMRs. But I’m not sure £157M actually feels like a lot of cash, I’m not convinced we’re going to see great things sped along with that kind of investment.

FlanFlinger

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Most stuff I've seen about SMR's puts them at over a billion each to build, 157m looks more like it's going to end up lining a couple of mates pockets than actually progressing anything.

tla

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:shocked: /s

perviouslyiner

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Rolls Royce said they had a "target cost" of £1800m each (sometimes reported as $2.5bn) and more than that for the first few.