Chancellor signs off 14.2 billion investment to build new Sizewell C nuclear plant
Briefly

Chancellor Rachel Reeves has authorized a £14.2 billion investment for the Sizewell C nuclear plant, aiming to shift the UK's energy reliance from fossil fuels to nuclear power. Rolls-Royce has been selected to construct small modular reactors using £2.5 billion of taxpayer money. This initiative, expected to create around 3,000 jobs and generate power for 3 million homes, marks a major advancement in the UK's nuclear energy capabilities, signifying its commitment to clean energy and long-term infrastructure investment as underscored during Reeves’ upcoming spending review.
The UK is back where it belongs, taking the lead in the technologies of tomorrow with Rolls-Royce SMR as the preferred partner for this journey.
This Labour government is investing in the biggest rollout of nuclear power in a generation.
We need new nuclear to deliver a golden age of clean energy abundance, because that is the only way to protect family finances, take back control of our energy, and tackle the climate crisis.
In any sensible reckoning, this is essential to get to our clean power and net zero ambitions.
Read at London Business News | Londonlovesbusiness.com
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