Nuclear Power: Economic Growth and Job Creation
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential merits of large-scale nuclear in creating jobs and on economic growth.
Answered by Michael Shanks
Gigawatt-scale projects are delivering major benefits to local and national economies in support of the government’s growth agenda.
EDF reports that the Hinkley Point C project supports 26,000 direct and indirect jobs across Britain and contributes £13.3 billion to the national economy.
According to estimates by Oxford Economics, Sizewell C - an above ground replica of Hinkley Point C - will support 17,000 direct and indirect jobs nationwide at peak construction, and contribute £26.6 billion to the economy across all regions of the UK over the construction period, with plans for 70% of construction spend to be placed with UK companies.
The government has tasked Great British Energy - Nuclear with identifying suitable sites that could host a potential large-scale new nuclear project. GBE-N will report to Ministers by Autumn 2026 on potential sites to inform future decisions in the next Spending Review and beyond.
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