# Rolls-Royce Small Modular Reactors (SMR) will be the UK's first.

*business · news · 2026-04-13 · OilPrice*

## Key points

- The National Wealth Fund announced a £599m financing package for Rolls-Royce Small Modular Reactors.
- This funding aims to de-risk the SMR project and attract billions in private and international investment.
- Rolls-Royce SMR, co-owned with Czech company CEZ, expects to create around 1,000 jobs from the funding.
- The partnership with Great British Energy will deliver the UK's first small modular reactors for clean energy.

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

[Read the full story on OilPrice](https://oilprice.com/Alternative-Energy/Nuclear-Power/UK-Bets-on-Small-Nuclear-Reactors-With-599-Million-Rolls-Royce-Investment.html)

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