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<p>At Spring Budget, we announced the launch of the next phase of the Great British
Nuclear (GBN) Small Modular Reactor selection process, allowing vendors to bid for
potentially multi-billion-pound technology development contracts. It is important
that this process is robust. Companies will have until June to submit their tender
responses, at which point GBN will assess these and negotiate final contracts, with
the goal of announcing successful bidders later in 2024. The aim is for the competition
to be the fastest of its kind in the world.</p>
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