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<p>The 2022 British Energy Security Strategy set out our ambition to deploy up to
24 Gigawatts of civil nuclear generation by 2050, around 25% of our projected 2050
electricity demand.</p><p> </p><p>GBN is running an SMR technology selection process
to select those technologies best able to facilitate Final Investment Decisions in
the next Parliament and be operational by the mid-2030s.</p><p> </p><p>In November
2021, Government announced £210m in new funding for Rolls-Royce SMR, awarded through
the Low-Cost Nuclear challenge. This investment was to further develop SMR design
and take it through the regulatory processes to assess suitability of potential deployment
in the UK.</p>
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