Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, how much funding the Government has provided for the development of Sizewell C nuclear power station, broken down by (a) funding stream and (b) government department.
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. The Government’s investment in Sizewell C has been funded from the Department's capital budgets agreed at the Autumn Statement 2022. 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.