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The Latest Breaking News from the National Wealth Fund

Reeves: Mini nuclear reactor deal ‘more important than ever’ amid Iran crisis

The Chancellor said driving forward nuclear power was ‘always the right thing to do’.

Evening Standard

Reeves hands Rolls-Royce £600m to develop UK’s first mini nuclear reactors

The Chancellor said driving forward nuclear power was ’more important than ever’ amid the Middle East crisis

The Independent UK

Rolls-Royce agrees government deal to develop UK’s first mini nuclear reactors

Government-owned Great British Energy – Nuclear (GBEN) has signed a landmark contract with Rolls-Royce SMR to develop the UK’s first mini nuclear reactors. The agreement initiates work on three Small Modular Reactors (SMRs), which are projected to generate sufficient low-carbon electricity to power around three million homes. The National Wealth…

The Independent UK

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UK Government slammed for 'failing to deliver' £200m Grangemouth funding

Union officials have accused Keir Starmer of “failing to deliver” on a promise of £200 million worth of investment to protect the future of…

The National (Scotland)

Scottish Power loaned £600m to build offshore cables carrying wind power to England

THE UK’s National Wealth Fund and several banks are handing energy firm ScottishPower a £1.35 billion loan to upgrade the power grid between…

The National (Scotland)

UK’s National Wealth Fund seals £1.35bn loan to build North Sea power cables

Energy firm ScottishPower is building offshore cables to carry wind power from Scotland to England, in a move ministers say will bring down bills.

Evening Standard

John Swinney urges Anas Sarwar to vote for Budget after Starmer Grangemouth pledge

The First Minister has called on Scottish Labour to support the Budget following Keir Starmer’s announcement of an extra £200 million for…

The National (Scotland)

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UK Government to invest £200 million in Grangemouth, says Starmer

The Prime Minister was speaking at the Scottish Labour conference in Glasgow on Sunday.

Evening Standard

Scottish Labour MPs call for UK Government to act on Grangemouth future

FOUR Scottish Labour MPs have called for the investment of public money into converting Grangemouth oil refinery ...

The National (Scotland)

UK Government to discuss providing funding for Scotland to Europe ferry

THE UK Government is set to discuss providing funding to reinstate a ferry between Scotland and mainland Europe ...

The National (Scotland)

How to make sure the budget secures the investment Britain needs

Prime Minister Keir Starmer has promised to “rip out the bureaucracy that blocks investment” in the UK. He was speaking at his government’s first international investment summit, an attempt to encourage the finance and business worlds to put more money into the country.

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