UK Government commits an extra £800 million to planned Sizewell C

• 3 months ago (2024-01-23)
• David Flin

Europe 1061 Nuclear 640

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The UK Government has committed an additional £800 million to the proposed Sizewell C nuclear power project in Suffolk, England, in an attempt to attract outside investors to the project. The government has now committed £2.5 billion to the project, up from the previous £1.7 billion.

Andrew Bowie, the UK minister for nuclear power, said: “The latest funding sends a strong message to investors that Britain is serious about its low-carbon, homegrown nuclear-powered future.” Sizewell C is being developed by EDF , and a final investment decision is due in 2024.

Bowie said that he was “very confident” that raising the estimated £20 billion would be completed later this year.

Julia Pyke, Managing Director at Sizewell C, said: “The significant investment underlines the importance of Sizewell C for Britain.”