UK government has intervened with a historic funding boost of £14.2 billion to the controversial Sizewell C nuclear power plant project. This commitment is included in their multi-year spending review, which is due in June 2025. Électricité de France (EDF) is the project developer and is gaining a 12.5% ownership share by this investment. They’re working with other partners to help bring that to fruition. The levelling up programme will increase quality green jobs across the UK. It boosts energy security and deepens collaboration between the UK and France.
Prime Minister Keir Starmer emphasized the importance of this project, stating, “I’ve been clear there will be no more dithering and delay on Sizewell C – and this investment takes us a step closer to the benefits it will bring to the British people.” The funding announcement marks a commitment to advance the construction of Sizewell C, expected to significantly contribute to the UK’s energy needs.
Collaborative Efforts in Energy Security
The UK government is committing £700m ($840m) to fund Sizewell C. In parallel, Bpifrance, France’s export credit agency, has announced a £5 billion debt guarantee. This funding underscores the deep partnership between the UK and France in designing innovative, advanced nuclear energy solutions. EDF’s role in this ambitious project further demonstrates the organisation’s commitment to improving energy security and facilitating economic development across Britain.
The collaboration includes a 15-year contract between Urenco and EDF for fuel production for nuclear power plants, further solidifying UK-France energy cooperation. This collaboration represents a win-win opportunity, strengthening each country’s commitment to a clean, secure and diversified energy future while improving the long-term reliability of power generation.
Job Creation and Economic Growth
Building Sizewell C is predicted to create more than 60,000 job opportunities and apprenticeships across the UK. In the process, this pilot initiative will stimulate local economies and improve the skills of the nation’s workforce. Industry experts have noted that such projects provide immediate employment opportunities and foster a skilled labor force for the future.
A spokesperson from EDF commented on the investment, stating, “EDF’s intention to invest in Sizewell C is a further sign of its commitment to investing in Britain’s energy security and economic growth. It continues over 25 years of investment across the UK.” This deepening commitment is indicative of EDF’s long-term strategy to invest in sustainable energy solutions in Britain.