Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, if she will publish (a) all sources of Government funding used for the development of Sizewell C nuclear power station, (b) the total expenditure from each funding stream and (c) a breakdown of (i) current and (ii) projected expenditure for each financial year since the start of the project; and if she will make a statement.
The Government’s investment in Sizewell C has been funded from the Department's capital budgets agreed at the Autumn Statement 2022. As a shareholder in Sizewell C, the Government announced an investment of £679 million in November 2022 and made available further amounts of £170 million and £341 million this year to continue driving forward the project’s development, towards the aim of making a final investment decision on a large-scale nuclear project this Parliament. This investment came on top of £100 million invested by EDF in Sizewell C in January 2022 which was provided by the Government through the Combined Option Agreement, this used departmental budgets in the financial year 2021/2022. Further details are commercially sensitive, and it would not be appropriate to disclose more at this time.