Rolls-Royce claims UK SMR nuclear arm 'fully funded' after £85m Qatar backing

Cecilia Keating
clock • 3 min read
A mock-up of what Rolls-Royce hopes will be one of many small modular nuclear power plants | Credit: Rolls Royce
Image:

A mock-up of what Rolls-Royce hopes will be one of many small modular nuclear power plants | Credit: Rolls Royce

Some £490m of public and private investment has now been raised to support the British engineering giant’s small nuclear reactor vision

Rolls-Royce has scored £85m backing from Qatar's sovereign wealth fund to help its plan to develop a fleet of small modular reactor (SMR) nuclear power plants across the UK, the engineering giant announced...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Nuclear

Technology Prosperity Deal: UK and US confirm plan to 'unleash' nuclear energy development

Technology Prosperity Deal: UK and US confirm plan to 'unleash' nuclear energy development

Governments ink memorandum of understanding promising co-operation on artificial intelligence, quantum computing, civil nuclear development, and fusion R&D

Stuart Stone
clock 19 September 2025 • 3 min read
UK and US announce major partnership to deliver new wave of nuclear projects

UK and US announce major partnership to deliver new wave of nuclear projects

Governments and companies ink series of deals to advance plans for fleet of small modular reactors across the UK

James Murray
clock 15 September 2025 • 6 min read
EDF confirms plan to extend life of nuclear plants

EDF confirms plan to extend life of nuclear plants

Heysham 1 and Hartlepool power stations to continue generating until March 2028, following latest extension of 12 months

James Murray
clock 02 September 2025 • 2 min read