Today marks another important milestone in delivering Suffolk’s new nuclear power station as the Government and Sizewell C launches the equity raise process for the project.
We are proud that the Government has shown its continued commitment to Sizewell C and Suffolk and the opportunities that will be delivered both locally and nationally, through the creation of great jobs and the long-term skills required to deliver on our Net Zero targets.
We look forward to starting main site construction and delivering this vital project which will reduce costs for consumers and help to create a future-proof low-carbon energy system for Britain.
In a show of support, the Government has already invested £700 million in the project – the first such direct public investment in a nuclear project for a generation. Ministers have also made £511 million available to continue project development and prepare the Suffolk site for construction, ahead of the planned private equity raise for the project in advance.
The launch of the formal equity raise opens another exciting phase for the project, following a positive response from investors during market testing. Investors who participate in Sizewell C would be contributing to one of the biggest clean energy projects in the UK. They should feel confident in our proposals as we are building a replica project with government backing, a mature reactor design and a workforce ready to build it. We look forward to starting the main site construction and delivering this vital project which will reduce costs for consumers and help to create a future-proof low-carbon energy system for Britain.