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UK commits £17bn to nuclear new-build and £2.6bn to SMR programme

The UK has announced an investment of almost £17 billion by 2030 for its nuclear new-build programme and £2.6 billion for its small modular reactor (SMR) programme, as part of a push for a "nuclear golden age."

  • The UK is investing almost £17 billion by 2030 in its nuclear new-build programme.
  • An additional £2.6 billion has been allocated to the UK's small modular reactor (SMR) programme.
  • The UK is developing a first-of-a-kind enrichment facility for HALEU fuel to support Gen IV reactors.

The United Kingdom is investing almost £17 billion by 2030 in its nuclear new-build programme, described as its most ambitious for a generation. This commitment was outlined in the UK's National Statement at the International Atomic Energy Agency's (IAEA) 2026 General Conference.

Minister Michael Shanks stated that Hinkley Point C and Sizewell C exemplify the value of replication, with each projected to power six million homes for at least 60 years. Sizewell C is expected to benefit from Hinkley's experience.

Furthermore, the UK has allocated £2.6 billion to its small modular reactor (SMR) programme. This initiative aims to use design replication and factory fabrication to transform delivery, with nearly £900 million in SMR supply-chain contracts intended to boost UK capability and support international markets.

The UK is also establishing a first-of-a-kind enrichment facility for High-Assay Low-Enriched Uranium (HALEU) as part of its HALEU Programme. This facility is intended to enable developers of Generation IV reactors to invest with confidence and secure a fuel supply for both domestic and overseas markets.

The UK emphasised the need for international regulation to keep pace with nuclear innovation, advocating for rigorous, proportionate, and forward-looking assurance. The country is modernising its own regulation to improve effectiveness and proportionality while maintaining high safety, security, and safeguards standards.

Why this matters: The investments aim to expand nuclear power generation in the UK, supporting climate action, energy sovereignty, and economic growth through new-build projects and advanced reactor technologies.

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