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Japanese invest £200million UK Nuclear market

13 May 14  | Engineering
 

British Prime Minister David Cameron and Japanese Premier Shinzo Abe recently announced that Toshiba will look to create 14,000 jobs in the British nuclear industry, by investing £200million in the Mooorside Nuclear Plant in West Cumbria.

The two premiers met for advanced talks, held at 10 Downing Street, aimed at bolstering economic links.

Earlier this month the plans for a new nuclear power station were given a timely boost when Toshiba bought a majority stake in a project to build three reactors.

Cameron said: “Today, we are proud to announce the huge investment being made by Toshiba and Westinghouse, of over £200 million, into the rebuilding of the British nuclear industry. Specifically in the north west of our country, on a project that could provide as many as 14,000 jobs during the construction phase and thousands of jobs ongoing, as well as providing low carbon base-load electricity for Britain.

This is a symbol of the growing relationship between Britain and Japan.”

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