Member

More broadly, there is a fantastic opportunity here, because a range of companies want to invest in the UK and in our domestic fuel supply chains. This statutory instrument provides certainty for investing businesses. We have had a number of fairly high-level commitments from Governments over the years, but having it written down in legislation gives a route to getting more investment into the UK. This is important legislation from that perspective, and we are seeing investment coming in. Westinghouse, Urenco and Framatome all have plans in this area. However, there are a number of gaps to be filled. When we look at the nuclear industry in general, the recent focus on reactor technology has been brilliant, and we have had good decisions on small modular reactors and Sizewell C, but alongside that there needs to be a focus on ensuring that as much of the supply chain as possible is located within the UK so that we maximise the economic benefit.