All you Fund Managers and Venture Capitalists get your money into
HOUSE OF LORDS
|Ordered to be printed 15 November 2011 and published 22 November 2011 |
Nuclear Research and Development Capabilities
Mr Ric Parker of Rolls Royce told us that "there are two clear areas for the UK" to play a role in the development of these technologies: "the prime investment is in high-integrity manufacturing, monitoring and some of the technical and engineering support for these new facilities. Another great opportunity is ... small reactors, of the 200-, 300-megawatt size [which could] be a major earner for the UK." In his opinion, the UK has both the "strength" and the "intellectual horsepower" to generate some real intellectual property and therefore lock-in value for the UK from involvement in Generation IV reactor development, particularly given the UK’s strengths in the field of high temperature reactors. The NIA said that "given the international dimension to the nuclear market there could also be significant benefits in international collaboration, not only in developing new Gen IV reactor designs ... but generally across the fuel cycle". In their view, and others, "involvement in relevant programmes could provide useful opportunities for UK industry as the work translates from R&D to demonstration—which might be lost without UK participation".