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Government pledges £1.7bn of public money to new nuclear plant

The Guardian understands the funding is likely to be used to back the planned £20bn Sizewell C

The government will make its first direct investment in a large-scale nuclear reactor since 1995 after pledging to plough up to £1.7bn of taxpayers’ money into a new power plant.

Treasury documents published alongside the autumn statement did not name which nuclear project would be in line for the public funds, but the Guardian understands it is most likely to be the planned £20bn Sizewell C plant in Suffolk.

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Source: Business – The Guardian

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