- Rolls-Royce SMR wins race for multibillion-pound deal to partner with Videberg Kraft for Sweden’s nuclear programme.
- Major vote of confidence in UK innovation and government’s Modern Industrial Strategy secured by government export campaign.
- Deal to support thousands of skilled jobs, strengthen supply chains and deepen UK–Sweden partnership.
Rolls-Royce SMR has been selected by the Swedish development company Videberg Kraft to build small modular reactors (SMRs) in Sweden, marking a major multibillion-pound export win for the UK and a breakthrough moment for British nuclear.
The multibillion-pound deal was supported by a UK Government export campaign, including a visit by Business Secretary Peter Kyle to Sweden earlier this year.
The deal will boost jobs, back UK industry and strengthen the UK’s domestic nuclear programme, while supporting Sweden’s plans to deliver clean, reliable and secure power.
The decision marks a clear endorsement of the technology’s credibility, following the decision by Great British Energy – Nuclear in June 2025 to select Rolls-Royce SMR as its preferred technology partner for the government’s own SMR programme.
It is also a strong signal of international confidence in the UK’s Modern Industrial Strategy, almost a year on from its launch in 2025.
It opens up significant opportunities for UK and European supply chains, supporting thousands of skilled jobs and long-term economic growth across both countries.
The partnership also represents a step-change for Europe’s energy security, delivering reliable clean power and reducing dependence on volatile fossil fuels.
Prime Minister Keir Starmer said
This deal is a major win for Britain’s economy — showcasing UK engineering on the world stage and securing high‑value jobs, investment and export growth for years to come.
It proves that British technology and innovation is helping to drive Europe’s clean‑energy transition, strengthen energy security and open new markets for our world‑class nuclear sector.
Business Secretary Peter Kyle said
I’m unashamedly backing British business on the world stage and that’s why I went to Stockholm earlier this year to champion this partnership, and it’s great to see Government’s effort paying off.
This is a major vote of confidence in Rolls-Royce SMR and the UK’s world‑leading civil nuclear sector — showing that, thanks to our Modern Industrial Strategy, Britain is the partner of choice for the next generation of clean energy.
At a time of global instability, this deal strengthens Europe’s energy security while creating jobs, driving investment and growing our supply chains at home and with partners like Sweden — backing British industry to deliver clean, reliable power for decades to come.
Energy Secretary Ed Miliband said
This is further proof that clean energy is the industrial opportunity of this century for Britain – and that this Government’s commitment to this agenda is winning jobs and investment for Britain.
It’s time to make and build things in Britain again – that is why we’ve embarked on the biggest nuclear power programme in a generation, as we drive for energy sovereignty and abundance.
Chancellor of the Exchequer Rachel Reeves said
We have the right economic plan, and after this government backed Rolls Royce to make the UK’s first SMRs at Wylfa, this deal showcases British businesses’ ability to compete and win in the global market for clean energy technologies.
New high-value jobs, a strengthened industrial base and export opportunities worth billions of pounds will help drive long-term growth and position the UK at the forefront of the industries powering the future.
This decision reflects strong alignment between the UK and Sweden on clean energy, energy security and long-term economic growth — and lays the foundations for deeper cooperation on nuclear deployment across Europe.
The Government will now work closely with Swedish partners alongside Great British Energy – Nuclear to explore how the respective SMR programmes can benefit from collaboration.
The global SMR market is expected to reach nearly £500 billion by 2050, with the UK well-placed to lead the race to build and export next-generation nuclear technology.
The UK’s first SMR project will be built at Wylfa in North Wales and is estimated to support around 3,000 jobs at peak construction and thousands more across the UK supply chain.
Tufan Erginbilgic, CEO, Rolls-Royce plc, said
Rolls-Royce SMR has now been successful in every competitively tendered SMR selection process in Europe and it is now very well placed to become a market leader globally. Success in Sweden shows the real momentum that Rolls-Royce SMR is generating as it builds upon its crucial first-mover advantage in a market that is growing and attracting significant international interest.
Selection by Videberg Kraft reinforces the status of Rolls-Royce SMR as the only company with multiple contractual commitments to deliver SMR units in Europe. It is an endorsement of our technology and technical capability to deliver a scalable, repeatable nuclear solution.
This selection is also further evidence that the strategic choices we have made in the transformation of Rolls-Royce are delivering. We are unlocking significant future growth opportunities through our unique nuclear capabilities and are well positioned to benefit from the ongoing nuclear renaissance.
ENDS
Notes to editors
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Rolls-Royce SMR is the UK’s leading small modular reactor technology, designed to deliver reliable low-carbon electricity and support domestic and export growth.
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The deal supports skilled jobs and supply chain opportunities across the UK and Europe.
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The UK is positioning itself as a global leader in next-generation nuclear technology.
