The Prime Minister will herald the “next generation” of the UK nuclear industry by announcing new investment to create jobs and boost skills.

Barrow-in-Furness Cumbria It will receive £20m of public funding initially, and £180m a year over the next ten years.

The town is home to four new Dreadnought-class submarines – designed to carry Trident nuclear Missile – under construction.

it is also royal navyAstute class submarine.

Companies including BAE Systems, Rolls-Royce, EDF and Babcock will also invest around £763m in the area, which Downing Street hopes will create around 8,000 jobs.

Steve Kalil, boss of Rolls-Royce Submarines, said it showed the UK “will further deliver on its mission to meet the growing demand for nuclear expertise”.

Mr SunakHe, who will visit Barrow on Monday, said the investment would also help cut household energy bills through the development of nuclear power.

“Safeguarding the future of our nuclear deterrent and nuclear energy industry is a vital national effort,” he said.

“In a more dangerous and competitive world, the UK’s continued maritime nuclear deterrent is more important than ever. Nuclear power provides consumers with cheaper, cleaner, indigenous energy.

“That’s why we’re investing in Barrow, the home of British Submarines, and the future of jobs and skills in the booming UK nuclear industry.

“Today we welcome the next generation of nuclear enterprise that will keep us safe, keep our energy secure and lower our bills forever.”

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The news comes as the Defense Nuclear Enterprise Order paper was tabled in Parliament on Monday, which provides further details on an update to the UK’s nuclear deterrent.

Some Conservatives are upset by the government’s decision not to increase military spending.

minister of defense Grant Shapps Warned Britain was in a “pre-war world” and admitted he wanted a “bigger budget”.

Foreign Affairs Minister Anne-Marie Trevelyan and Security Minister Tom Tugendhat also wrote an article this month Call for “accelerating the pace of investment” Given the threats from countries like Russia.

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Former armed forces chiefs also echoed these calls.

There is no new defense funding in the budget, but the prime minister said spending is above Nato’s 2% target and will increase to 2.5% “as soon as economic conditions permit”.

Downing Street added that the first £20 million of the government’s funding for the Barrow Transformation Fund will be used to complete projects such as the A595 bypass and “support people in work”.