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Britain's Sunak unveils $252 million investment in nuclear deterrence, nuclear energy | nuclear energy news

Britain's Sunak unveils $252 million investment in nuclear deterrence, nuclear energy |  nuclear energy news

 


The British leader said investment was essential in a more risky and competitive world.

British Chancellor Rishi Sunak is expected to announce plans to invest 200 million pounds ($252 million) in Britain's nuclear deterrent and civil nuclear industry.

Sunak announced in a statement on Monday a national effort to build nuclear submarines and secure the future of the nuclear industry, creating 40,000 jobs in the process, the Prime Minister's Office said in a statement on Sunday.

Under the plan, the government will set up funds in the northern England city of Barrow-in-Furness to support people looking for work, improve transport links and help build more homes.

The government is also working with industry players including BAE Systems, Rolls-Royce, EDF and Babcock to invest at least £763 million (£900 million) in skills, jobs and training by 2030. 62 million), the statement said.

The UK's nuclear industry is experiencing a period of unprecedented growth due to the government's nuclear energy targets and will require 123,000 new workers by 2030, the statement said.

The UK's nuclear submarine industry is also set to grow in the coming years following the signing of the AUKUS security agreement, which will see the UK and US support Australia's acquisition of nuclear-powered submarines.

In a more dangerous and competitive world, the UK's sustained maritime nuclear deterrent is more important than ever, Sunak said. And nuclear power provides consumers with cheaper, cleaner domestically produced energy.

That's why we're investing in the future jobs and skills of Barrow, the home of Britain's submarines, and the UK's thriving nuclear energy industry. Today we launch the next generation of nuclear power that will keep us safe, keep our energy secure, and reduce costs forever.

Sources

1/ https://Google.com/

2/ https://www.aljazeera.com/economy/2024/3/25/uk-to-unveil-two-hundred-and-fifty-two-million-dollar-investment-in-nuclear-deterrent-nuclear-energy

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