Sizewell C Power Station: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, how much and what proportion of the funding that his Department has allocated to the proposed new nuclear plant at Sizewell C has been allocated for (a) land clearance, (b) other site preparation, (c) essential forgings and (d) other components for reactors.
Answered by Michael Shanks
Specific details of the project’s spending plans are commercially sensitive – and budget allocations for different elements of work are set by the company, Sizewell C Limited. As majority shareholders in the project, government has previously committed to invest £2.5 billion in the project’s development and recently strengthened this with a further subsidy scheme of up to £5.5 billion to provide certainty and ensure the project has access to the necessary financial support to remain on schedule.
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