Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 27 April 2018 to Question 136686, for what reason the loan guarantees offered to EDF to fund the construction of the Hinkley Point C nuclear power station are not classified as (a) risks to and (b) liabilities on the public purse; and if he will confirm the value of the Government-backed loan guarantees offered to EDF.

On the 25th October 2016, my rt. hon. Friend the Chief Secretary to the Treasury made a statement to Parliament approving the provision of a guarantee for up to £2 billion debt guarantee for HPC through the UK Guarantees Scheme. This £2bn guarantee has since been cancelled by EDF. The cancellation will be noted as a change to contingent liabilities in HMT's year-end report, and will also be noted in the annual report to Parliament on the UK Guarantee Scheme.