'Multi-billion-pound' renovation for Faslane nuclear base on Clyde
The Labour administration's announcement came as Rachel Reeves confirmed £14.2 billion of investment into the Sizewell C nuclear plant in Sussex.
READ MORE: 12 nuclear incidents may have leaked radioactivity at Faslane naval base since 2023
In a press release, the UK Government said: 'To secure the UK as a leader in both civil and defence nuclear, the government will also be investing £4 billion over the next decade in the Plymouth naval base as well as continued long-term investment in our Defence Nuclear Enterprise and its industrial base, as this is critical for our national security while also being a significant generator of economic opportunities, jobs and growth across the entire country.
'Further investments in the defence nuclear sector include over £6 billion over the Spending Review period to enable a transformation in the capacity, capability and productivity of the UK's submarine industrial base, including at BAE Systems in Barrow and Rolls-Royce Submarines in Derby – to deliver the increase in the submarine production rate announced in the Strategic Defence Review.
'In addition, we will embark on a multi-decade, multi-billion redevelopment of HMNB Clyde, with an initial £250 million of funding over three years, supporting jobs, skills and growth across the West of Scotland.
'The government will also invest over £420 million of additional funding in Sheffield Forgemasters, securing 700 existing skilled jobs and creating over 900 new construction roles.'
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