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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

Rolls-Royce secures nearly £600m in UK government cash to develop small reactors

United Kingdom RollsRoyce RollsRoyce SMR Anglesey Hitachi Nuclear Power
Decommissioned Wylfa nuclear power station viewed from a beach on Anglesey
The decommissioned Wylfa nuclear power station on Anglesey (Ynys Môn), now home to Rolls-Royce’s planned SMR factory. Photograph: Phil Noble/Reuters

Rolls-Royce has secured up to £599m from Britain’s national wealth fund as it races to develop the UK’s first small modular nuclear reactors.

The fund will help support Rolls-Royce’s design of small modular reactors (SMRs) at Wylfa on the island of Anglesey (called Ynys Môn in Welsh).

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