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<p>The Advanced Nuclear Fund (ANF) is a £385m fund that supports innovation in nuclear
energy. It was announced in 2020 and is due to conclude in March 2025. It includes
a grant of up to £210m to Rolls Royce SMR Ltd to develop their Small Modular Reactor
(SMR) design, as well as other funding for Advanced Modular Reactor (AMR) research
and development.</p><p> </p><p>The Government has set out a commitment for SMRs to
be operational in the UK by the mid-2030s, and to build an AMR demonstrator by the
early 2030s, as part of the wider ambition for nuclear power to provide up to 25%
of the UK’s electricity by 2050. The ANF promotes innovations that will help to meet
these goals, and therefore its contribution to the UK’s total energy requirement will
be from the mid-2030s.</p>
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