United Kingdom Atomic Energy Authority

(asked on 4th February 2026) - View Source

Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government how much money they retained from the sale of part of the Atomic Energy Authority to a private sector operator in 1996.


Answered by
Lord Vallance of Balham Portrait
Lord Vallance of Balham
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 18th February 2026

A National Audit Office (NAO) report published on 20th March 1998 on the sale of AEA Technology sets out that then Department of Trade and Industry (DTI) sold AEA Technology (formerly part of the UK Atomic Energy Authority) in 1996 for £224 million. In addition, DTI received a dividend of £3.75 million giving total gross proceeds of £227.75 million.

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