Qatar will invest ￡85m in a Rolls-Royce led programme to build a new generation of smaller nuclear reactors, as part of the UK’s push to meet its 2050 net zero carbon targets.
The investment by the Gulf state’s sovereign wealth fund is a significant boost to the programme, which is aiming to develop a UK-designed small nuclear reactor to be built in factories and then assembled on site, reducing the risks and huge costs of construction of big nuclear power plants.
UK ministers announced last month that they would commit ￡210m of grant funding to the Rolls-Royce led programme after the aero-engine maker said it had received ￡145m of investment from two private sector backers. Rolls-Royce is putting in ￡50m.
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