Rolls-Royce secures nearly £600m UK government funding for small reactors

On 2026-04-13, Britain’s national wealth fund agreed to provide up to £599 million to Rolls-Royce SMR to support design work for small modular nuclear reactors at Wylfa on Anglesey. The funding is part of a strategic buildout aimed at developing the UK’s first SMR technology and advancing future low-carbon power capacity. Rolls-Royce said the financing marks a new phase for the project and could create thousands of jobs.