The Government of the United Kingdom (UK) has launched a Future Nuclear Enabling Fund (FNEF) with a target to raise GBP120 million (US$149.47 million). The fund will help to develop 8 new reactors by 2030, located in Hinkley, Sizewell, Heysham, Hartlepool, Bradwell, Wylfa, Oldbury and Moorside.

The FNEF will provide targeted government grants and attract private investment which will help nuclear construction projects, including small modular reactors. The fund is expected to support industry investment in nuclear and offer opportunities for projects in every region of the UK.

The Government has launched an RFEOI inviting interested parties to register their interest in bidding for funding and seeking further information on potential future projects.