UK Prime Minister Rishi Sunak is committing hundreds of millions of pounds over the next decade to Britain’s nuclear deterrent and energy infrastructure as part of a “critical national endeavour” to safeguard the industry and protect the country.
At least £200 million ($252 million) will be invested in Barrow-in-Furness, the town in northwest England that’s home to the UK’s nuclear submarine program, to regenerate the area over the next 10 years. Another £353 million will be directed at apprenticeships and skills by 2030 in the defense and civil nuclear sector.
Defense Secretary Grant Shapps will also lay the Defense Nuclear Enterprise Command Paper before parliament on Monday, which will set out further actions to modernize the UK’s nuclear submarine capabilities, the government said.
Britain is among the long list of countries around the world seeking to boost defense capabilities and energy security amid escalating geopolitical tensions, with a growing threat from the fallout from Russia’s war in Ukraine and the conflict in Gaza. Chancellor of the Exchequer Jeremy Hunt had previously said that defense spending needed to rise “as soon as it is affordable.”
Downing Street said £353 million would be committed alongside £400 million of private investment to create more than 8,000 career opportunities and help fill the 40,000 new jobs the industry needs. Firms including BAE Systems Plc, Rolls-Royce Plc, Babcock International Group Plc and Electricite de France SA are backing the plans, Number 10 said.
Ahead of a visit to Barrow-in-Furness on Monday, the Prime Minister said in a statement: “In a more dangerous and contested world, the UK’s continuous at-sea nuclear deterrent is more vital than ever. And nuclear delivers cheaper, cleaner home-grown energy for consumers.”
Barrow produces both Dreadnought and Astute submarines and will be key to the construction of the next generation of nuclear-powered submarines, which are expected to be deployed in the 2040s as part of the Aukus security pact with Australia and the US.
The £200 million for Barrow-in-Furness will be used to improve transport links, build homes and support local schools and hospitals.
The Labour opposition said it would “fully back the plans.”