business / news / / City A.M.
The National Wealth Fund has revealed a £599m financing package for Rolls-Royce Small Modular Reactors.
The National Wealth Fund announced a £599m financing package for Rolls-Royce SMR.
KEY POINTS
- 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
Summarized by Newsio from City A.M.. How we summarize →