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<p>The Government has announced its plan to launch the Spherical Tokomak for Energy
Production (STEP) procurement process on 22nd May. This multi-stage competition, which
offers the chance to bid for up to hundreds of millions of pounds in the initial contract
period until 2029, will seek to find industry partners in engineering and construction,
to form a world-leading public-private alliance led by UK Industrial Fusion Solutions
Ltd (UKIFS). Meanwhile, UK Research and Innovation invest in research grants for fusion,
doctoral training and support fusion companies through the Engineering and Physical
Sciences Research Council's prosperity partnership.</p>
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