Nuclear Fuel Fund (NFF): projects awarded funding
The Nuclear Fuel Fund aims to support the UK’s nuclear fuel supply chain to develop the capabilities to meet current and future fuel demand in the UK and globally.
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The Nuclear Fuel Fund (NFF) aims to support the UK’s nuclear fuel supply chain to develop the capabilities needed to meet current and future fuel demand in the UK and globally. Our ambition is to increase civil nuclear deployment to up to 24GW by 2050.
The NFF will help overcome barriers to investment in the UK’s front-end fuel cycle supply chain by offering match funding to promising projects which support the establishment of new capabilities to produce or handle uranium and associated fuel products.
£22.3 million has been offered to 8 projects as part of the NFF.
Background
We launched a Request for Information (RFI) in July 2022, asking interested parties to:
- share views on the challenges facing the sector and the barriers to investment
- give feedback on the proposed fund design
- provide information regarding the potential projects that could be put forward for funding
Responses to the RFI and market analysis informed the design of the Nuclear Fuel Fund.
As part of the Nuclear Fuel Fund, a direct award was made to Westinghouse UK to support existing UK fuel capability at their Springfields site in Lancashire.