Global Courant
The British leader says investment is crucial in a ‘more dangerous and contentious world’.
British Prime Minister Rishi Sunak will announce plans to invest 200 million pounds ($252 million) in the country’s nuclear deterrent and civilian nuclear industries.
Sunak will announce a “national effort” on Monday to secure the future of nuclear submarine construction and the nuclear power industry, creating 40,000 jobs, the Prime Minister’s office said in a statement on Sunday.
Under the plan, the government will set up a fund for the northern English town of Barrow-in-Furness to help people find jobs, improve transport links and build more homes.
The government will also work with industry players including BAE Systems, Rolls-Royce, EDF and Babcock to invest at least 763 million pounds ($962 million) in skills, jobs and education by 2030, the statement said.
The UK nuclear industry is experiencing an “unprecedented period of growth” due to the government’s nuclear energy targets and will need 123,000 new workers by 2030, the statement said.
The British nuclear submarine industry is also set to grow in the coming years due to the formation of the AUKUS security pact, under which Britain and the United States are helping Australia purchase nuclear submarines.
“In a more dangerous and contentious world, Britain’s continued nuclear deterrent at sea is more important than ever,” Sunak said. “And nuclear energy provides consumers with cheaper, cleaner, home-grown energy.”
“That’s why we’re investing in Barrow, home to British submarines, and in the jobs and skills of the future in the UK’s thriving nuclear industry. Today we usher in the next generation of our nuclear enterprise, which will keep us safe, our energy safe and our bills low forever.”
UK’s Sunak unveils $252 million investment in nuclear deterrent, nuclear power | Nuclear energy news
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