UK and US companies have agreed to speed up the construction of new nuclear power plants as part of a “golden age” of power.
The two countries are expected to sign a deal during Donald Trump’s state visit this week which will make it quicker for firms to construct new nuclear power stations in both countries.
This will be done by speeding up the time it takes for a nuclear project to get a licence from up to four years to two.
Prime Minister Keir Starmer said: “This landmark UK-US nuclear partnership is not just about powering our homes, it’s about powering our economy, our communities, and our ambition.
“These major commitments set us well on course to a golden age of nuclear that will drive down household bills in the long run, while delivering thousands of good jobs in the short term.
“Together with the US, we’re building a golden age of nuclear that puts both countries at the forefront of global innovation and investment.”
The government said the deal has the potential for up to 2,500 jobs in Teesside.
Energy Secretary Ed Miliband said: “We’re kickstarting a golden age of nuclear in this country, joining forces with the US to turbocharge new nuclear developments and secure the technologies of the future.
“Nuclear will power our homes with clean, homegrown energy and the private sector is building it in Britain, delivering growth and well-paid skilled jobs for working people.”