The government has invested £1.3 billion to support the construction of Sizewell C. The largest funding package to date “consolidates the government’s position as the majority shareholder in the project”. It follows a £700 million funding pledge in November 2022 and a further £511 million agreed last summer.
The Department for Energy Security and Net Zero said the investment will allow early construction works to continue ahead of a final investment decision later this year. It said committing further government support at this stage will help the project stay on schedule and keep down overall costs.
The funding will support preparatory works such as improvements to roads and rail lines around the Suffolk site, ensuring the necessary local infrastructure is in place before full construction begins.
The Development Consent Order (DCO) triggered by Sizewell C on 15 January gave the formal green light for construction to begin.
Nuclear Minister Andrew Bowie said: “This investment injection means we can steam ahead with work on Sizewell C ahead of the final investment decision targeted later this year”.