Deadline: 14-Oct-22
The Department for Business, Energy & Industrial Strategy (DBEIS) is accepting applications for the Future Nuclear Enabling Fund (FNEF) to help the industry reduce project risks, so they are better positioned for future investment decisions.
The FNEF will be targeted at applicants that could be in a position to take a Final Investment Decision (FID) within the next parliament, subject to Value for Money and all relevant approvals.
They expect the fund to support a limited number of nuclear projects through grant funding to be awarded following a competitive process.
Funding Information
BEIS is providing up to £120 million in funding to help mature nuclear projects ahead of the government selection process.
Eligibility Criteria
- The successful entity (i.e. a sole applicant or a member of a consortium) which enters into a Grant Funding Agreement must be a registered company in the UK under the Companies Act 2006 (CA06). Applicants, including all consortium members, must confirm that they are already registered in the UK under the CA06, or able to make the necessary arrangements to do so by 1st December 2022, if their application is successful.
- Applicants must apply for a work package relating to a new nuclear deployment project in the UK. Work packages relating to all new nuclear projects in the UK are eligible to apply for FNEF funding but the fund will not support any activities related to the existing or proposed projects at Hinkley Point C, Sizewell C, Bradwell B or any existing nuclear electricity generation station.
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Applicants must indicate if they, their associated entities, or their consortium partners are participating in any activities that are similar or linked to the work package and funded elsewhere by:
- the government; and/or
- another public authority in the UK; and/or
- another government.
For more information, visit DBEIS.
For more information, visit https://www.gov.uk/government/publications/future-nuclear-enabling-fund-fnef