# The National Wealth Fund has revealed a £599m financing package for Rolls-Royce Small Modular Reactors.

*business · news · 2026-04-13 · City A.M.*

## Key points

- The National Wealth Fund announced a £599m financing package for Rolls-Royce SMR.
- This funding aims to de-risk the project and attract billions in private and international investment.
- Rolls-Royce SMR will create around a thousand jobs through this new financing.
- Each Rolls-Royce SMR is expected to generate 470 megawatts of low-carbon electricity.
- £2.6bn is earmarked in the 2025 Spending Review for the Rolls-Royce SMR contract.

**Companies:** Rolls-Royce, CEZ
**Countries:** United Kingdom, Czech Republic

[Read the full story on City A.M.](https://www.cityam.com/rachel-reeves-wealth-fund-pumps-600m-into-rolls-royce-smr/)

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