Rolls-Royce SMR, a UK-based company, has secured a major multibillion-pound export contract to build small modular reactors (SMRs) in Sweden. The deal, supported by a UK Government export campaign, marks a significant breakthrough for British nuclear technology and a vote of confidence in the UK's Modern Industrial Strategy.
The partnership between Rolls-Royce SMR and Swedish development company Videberg Kraft will boost jobs, strengthen supply chains, and deepen the UK-Sweden partnership. It is expected to create thousands of skilled jobs and drive long-term economic growth across both countries.
The decision reflects strong alignment between the UK and Sweden on clean energy, energy security, and long-term economic growth. It also opens up significant opportunities for UK and European supply chains, supporting the UK's nuclear programme and driving the clean energy transition.
The UK Government has welcomed the deal, with Prime Minister Keir Starmer stating that it is a major win for Britain's economy, showcasing UK engineering on the world stage and securing high-value jobs, investment, and export growth for years to come.
Business Secretary Peter Kyle added that the deal is a major vote of confidence in Rolls-Royce SMR and the UK's world-leading civil nuclear sector, demonstrating that Britain is the partner of choice for the next generation of clean energy.