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Nuclear energy’s role in delivering Levelling-Up
18 May 2021 Global NewsThe Queen has marked the start of a new parliamentary session at Westminster with a speech that set out the Government’s planned legislative agenda for the forthcoming session. A key pillar of this is the delivery of ‘Levelling-Up’. The Government will publish a White Paper which would outline the new policy needed to deliver on the Levelling-Up agenda, and how this would be linked to the recovery from COVID-19. Levelling-Up is clearly going to be a key pillar of the Government’s plans, as demonstrated with the recent appointment of Neil O’Brien MP as the Prime Minister’s adviser on Levelling-Up.
It is very positive to see the Government’s commitment to delivering on this important policy area, to improve opportunities and boost livelihoods across the country.
At Urenco, we believe that nuclear power is well placed to drive the recovery from COVID-19, as part of a Green Revolution to achieve net-zero by 2050, and it is a natural fit with the Government’s Levelling-Up ambitions.
The UK is a historic nuclear leader and given the existing capabilities, much of which are based in the North West, nuclear could drive the Levelling Up of the region.
For example, through Urenco, the UK has domestic capabilities to provide enrichment services and fuel cycle products for the nuclear industry from our site in Capenhurst, Cheshire. We generate significant revenues in the UK, much of which come via exports of nuclear fuel. We are also supporting the development of new and advanced nuclear, which can provide a source of low carbon power and heat and therefore a solution for the decarbonisation heavy industry. This can be one of the models for Levelling-Up, by Government supporting exports and net-Zero strategies, which can help to create value throughout the value chain. 95 per cent of our supply chain spend is in the UK (most of which is focused on the north-west region).
We look forward to seeing how the Levelling-Up White Paper will look to create opportunities and believe that support for nuclear can be one of the building blocks of creating real and meaningful change.
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About Urenco
Urenco is an international supplier of uranium enrichment services, fuel cycle products and related solutions with sustainability at the core of our business. Operating in a pivotal area of the nuclear fuel supply chain for over 50 years, Urenco understands the importance of energy security and facilitates the reliable delivery of low carbon electricity generation for consumers around the world.
With its head office in London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Through our technology and the expertise of our people, the Urenco Group provides safe, cost effective and reliable services, operating within a framework of high environmental, social and governance standards, complementing international safeguards.
Urenco is making a positive contribution to global climate change goals through our core business and we are committed to achieving net zero carbon emissions by 2040.
We are committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.
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