1. ITV Report

£40m nuclear facility plans for Wales

Credit: ITV Cymru Wales

A £40m facility to aid development of advanced nuclear technologies will be built in north Wales by the Welsh and UK governments.

It's part of a £200m UK wide plan to drive down the costs of nuclear energy, develop new technologies and encourage more women to work in the industry.

Ministers said a so-called Nuclear Sector Deal would secure the UK's diverse energy mix and lead to cheaper energy bills.

Credit: ITV

It is particularly apt that we are launching the UK Government's nuclear strategy at Trawsfynydd. This site reflects both the past of our nuclear industry and an exciting future as the potential site for the new generation of small reactors, placing Wales at the centre of a UK arc of the nuclear industry.

Trawsfynydd is ready to be transformed with little upgrade needed to the grid infrastructure. It's in the right place with the right people and good links to leading academic research institutions in the nuclear sector. The kind of small reactor which could be sited in Trawsfynydd is set to usher in an era of cost-effective power with equipment put together off site and transported to locations like this for relatively easy assembly.

– Alun Cairns MP, Secretary of State for Wales

The UK is the home of civil nuclear technology and with this investment in innovation and our commitment to increasing diversity in an already highly-skilled workforce, I want to ensure we remain the world leader.

Nuclear energy not only fuels our power supply, it fuels local jobs, wages, economic prosperity and drives UK innovation. This Sector Deal marks an important moment for the Government and industry to work collectively to deliver the modern Industrial Strategy, drive clean growth and ensure civil nuclear remains an important part of the UK's energy future.

– Greg Clark MP, Business and Energy Secretary

A commitment was also made from the industry to reduce the cost of new nuclear build projects by 30% by 2030, and the cost of decommissioning old nuclear sites by 20% by 2030.

Like so much of the Government's industrial strategy, this sector deal is nothing more than a repackaging of existing policies.

Of the £200 million headline only £10 million represents new Government funding.

In a week when the Government refused to back the Swansea Bay Tidal Lagoon, this meagre support for low-carbon energy is particularly disappointing and will do nothing to improve the Conservatives' green record.

– Rebecca Bailey MP, shadow business secretary