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UK Government Pledges £14.2bn to Sizewell C Nuclear Plant

Ministers say the funding will underpin job creation with final investment approval remaining pending

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Overview

  • The government has allocated £14.2bn to Sizewell C but the project still lacks full funding and a final investment decision
  • Officials project 10,000 construction jobs, 1,500 apprenticeships and enough clean electricity to power six million homes
  • Initial cost estimates start at £20bn, though experts and campaigners warn final expenses could top £40bn and drive up consumer bills
  • EDF has begun preparatory work and secured about £330m in local contracts, but private investors are still being courted
  • The funding package also backs small modular reactor development and invests £2.5bn in fusion research to support net zero goals