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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to bring at least one large-scale nuclear project to a final investment decision during the course of this Parliament.

In order to facilitate a final investment decision on at least one new large-scale nuclear project this Parliament, we introduced the Nuclear Energy (Financing) Bill on 26 October, which will establish the RAB as a funding option for new nuclear projects, as well as implement further measures to enable private investment in this sector. The RAB model could reduce the cost of building and financing new nuclear power plants, helping to unlock private investment into these projects and saving consumers money on their bills.