UK pledges £11.5bn of new state funding for Sizewell C nuclear plant
- Chancellor Rachel Reeves will confirm a £14.2 billion funding commitment for the Sizewell C nuclear plant in Suffolk at the GMB union congress on Tuesday.
- This announcement follows the Conservative government’s 2022 buyout of the Chinese stake and January 2024 approval to start construction of Sizewell C, intended to create thousands of jobs.
- Sizewell C aims to generate power for six million homes and support 10,000 jobs including 1,500 apprenticeships, with £330 million of contracts signed with local firms.
- Rachel Reeves called this the 'biggest nuclear building programme in a generation' and a 'landmark decision,' while Energy Secretary Ed Miliband described it as essential to achieving a 'golden age' of clean energy.
- The project faces opposition over costs, delays, and consumer bills, with critics warning negotiations remain incomplete and the government risks offering generous deals that may undermine value for money.
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Nuclear energy is a risky investment, but that’s no reason for the UK government to avoid it
Sizewell B on the UK's Suffolk coast. Nick Beer/ShutterstockThe UK government’s investment of around £14 billion in a new nuclear power plant marks a big economic shift for the country’s approach to energy. The Sizewell C plant in Suffolk will be the second of a new generation of reactors to be built in the country, after Hinkley Point C in Somerset, which is expected to open in 2031. French energy firm EDF is building Hinkley and will probably …
DECRYPTAGE - London announced a public investment of £14.2 billion for the EPR of Sizewell C.
·Paris, France
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Leaning Left9Leaning Right6Center9Last UpdatedBias Distribution38% Left, 38% Center
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- 38% of the sources lean Left, 38% of the sources are Center
38% Center
L 38%
C 38%
R 25%
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