UK SMR Factory
An unparalleled industrial offering: £1.3bn investment in our UK SMR factory
Incorporating nuclear best practices from Korea, the US, and the UK.
SMR Learning Academy: Inspiring and training the next generation of nuclear experts.
16,300 UK Jobs: Created by Holtec Britain’s SMR programme.
350 New Apprentices and Graduates: Investing in future talent for the UK’s clean energy sector.
£30 Billion Export Opportunity: Projected over the next 10 years.
3,000 Engineering Jobs: Created over the next 20 years.
£50+ Million Investment: In UK skills and training.
30+ Years of Experience: In UK nuclear delivery.
Economic Impact: £1.3 billion investment plus £1.5 billion GVA to support the government’s clean energy mission.
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The impact on the local economy for the successful bid will be game changing. Construction will generate around 3,600 jobs, and manufacturing will sustain up to 400 jobs annually.
– Prof Dame Julia King FREng FRS Baroness Brown of Cambridge Senior Adviser, Holtec Britain
Four sites are through to the final round of Holtec’s factory competition: West Midlands, South Yorkshire, Cumbria and Tees Valley.
Analysis by the economics consultancy ChamberlainWalker estimates our 20 Ha factory is projected to:
Contribute £1.5 billion in Gross Value Added (GVA) to the economy of the chosen location,
Generate 3,000 skilled engineering UK unionised jobs over the next 20 years.
Be part of an export market which could be worth hundreds of billions in the run up to 2050.
Produce 2-4 reactors per year, valued at £1-2 billion each.
Site Selection: Shortlisted sites are under review, with the final decision on our UK factory location expected in Autumn 2024.
3,000 Skilled Jobs: Directly generating 3,000 skilled engineering unionised jobs in the UK over the next 20 years.
Construction Impact: Creating approximately 3,600 jobs during the construction phase.
Sustained Employment: Supporting up to 400 manufacturing jobs annually.
Economic Boost: Projected to contribute £1.5 billion in Gross Value Added (GVA) to the economy of the chosen location.
Global Market: Part of an export market potentially worth hundreds of billions leading up to 2050.
Reactor Production: Manufacturing 2-4 reactors per year, each valued between £1-2 billion.
Same Blueprint: Our UK factory will mirror the proven success of our US facilities, especially our Advanced Manufacturing Division (AMD).
Commitment to the UK: Our first heavy goods factory outside the US, underscoring our dedication to Holtec’s position in the UK.
