Responding to the announcement that the UK government will overhaul nuclear planning and regulation to speed up nuclear delivery, BritishAmerican Business CEO Duncan Edwards said:
“BritishAmerican Business welcomes the UK government’s decision to reform its nuclear system to reduce costs and accelerate new projects. Affordable energy is essential to the UK’s competitiveness, and nuclear is an important part of that. US companies are already playing an important role in the UK’s civil nuclear ecosystem, and today’s reforms, along with potential collaboration through the UK‑US Technology Prosperity Deal, will help unlock further investment.
“The UK government should now go further and examine every option to address the country’s exceptionally high energy costs. BritishAmerican Business recommends a broader review of energy policy that looks at all viable ways to lower costs for business. This is crucial to ensuring the UK remains an attractive destination for transatlantic investment.”