Context
Rolls-Royce's SMR project aims to boost UK energy security and create skilled jobs in Derby. The previous government did not back this initiative.
Question
I refer the House to my entry in the Register of Members' Financial Interests relating to Rolls-Royce. By backing SMRs, which the previous Government failed to do, this Government are backing Britain, delivering stronger energy security and good, skilled jobs in Derby and across the UK. Does the Minister agree that, in order to boost the benefits for our brilliant small and medium-sized businesses, at least 70% of the SMR supply chain must be built here in Britain?
Answer from Chris McDonald
I agree with my hon. Friend, as do Great British Energy Nuclear, which has set a 70% target, and Rolls-Royce. Although we understand that these great export products, when built abroad, will necessarily have some overseas content, we need to do more to strengthen supply chains in the UK. We have a gap at tier 1 and tier 2 of the supply chain, and I am determined to work with Rolls-Royce and engage in some meaningful industrial development activity to see how we can encourage British companies to compete successfully in that part of the supply chain.
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