Overview

• Final go-ahead is expected during the Anglo-French summit in London from July 8 to 10, involving a joint announcement by Keir Starmer and Emmanuel Macron
• The June 11 spending review will detail how much additional taxpayer support the UK will invest in the project
• Project costs have doubled since 2020 to nearly £40 billion, with £6.4 billion already committed by successive governments
• EDF is courting bids from private investors—including Rothesay, CDPQ, Amber Infrastructure, Brookfield, USS, Schroders Greencoat and Equitix—to cover remaining costs
• Critics warn the financing model could load construction delays and cost overruns onto household energy bills from the moment building begins