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<p>As announced by my Rt. Hon. Friend Mr Chancellor in the Spring Budget on 15th March,
the Government is launching GBN to address constraints in the nuclear market and support
new nuclear builds as the government works towards net zero. GBN will enable an ambitious
civil nuclear programme and ensure the UK is one of the best places in the world to
invest in new nuclear. Our intention is that GBN will launch the first staged competition
for Small Modular Reactors. Further details on GBN’s set up, leadership and operations
will be announced by the end of March.</p>
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