Government Invites Bids for £120m Future Nuclear Enabling Fund
Applications for funding to help nuclear energy construction projects in the UK are now open.
The Future Nuclear Enabling Fund (FNEF) has been set up to develop new nuclear energy projects across the UK, as committed to in the Government’s British Energy Security Strategy.
The Fund will stimulate competition in the industry and unlock investment across the UK. It will provide targeted, competitively-allocated grants which will help nuclear construction projects, including small modular reactors, to attract the private investment they need to help make them a reality.
The FNEF will offer opportunities to projects in every region of the UK and create high-skilled jobs, as well as boosting the resilience and capability of UK nuclear supply chains.
The £120 million fund is expected to support a limited number of nuclear projects through grant funding, to be awarded following a competitive process. Applicants should make clear what portion of the £120 million they are seeking.
Businesses in the nuclear industry, and developers of potential new nuclear projects, can register their interest in funding. The FNEF is open to established nuclear market players and new entrants, including consortia, and may include technology vendors, developers, and/or operators.
The bid window for applications is now open. Interested parties should register their intention to submit an application by 14 October 2022 (15:00 BST).
(This report was the subject of a GRANTfinder Newsflash.)