nuclear-news

Keir Starmer set to approve nuclear plant in bid to power up economic growth.

The prime minister is pinning his hopes of economic growth on a major nuclear plant and a series of mini nuclear sites

Archie Mitchell, Political correspondent, Independent 10th April 2025

Sir Keir Starmer is expected to approve a major nuclear power plant alongside a slew of mini reactors in a bid to boost Britain’s stagnant economy.

The prime minister will approve investment for the construction of the Sizewell C nuclear plant in Suffolk before the June spending review, The Times reported, as well as unveiling plans for a fleet of small modular reactors (SMRs) across the UK.

Sizewell C is expected to be up and running in 2035 and will provide 7 per cent of Britain’s energy demand at a cost of £20 billion……………………

Sizewell C is yet to be signed off by the government.

A decision on whether to give Sizewell C the green light has formed part of the government’s upcoming spending review, but Sir Keir has been bringing announcements forward in response to Donald Trump’s tariffs.

The PM has been desperately trying to spur on growth amid fears the US president’s trade war will cause Britain’s economy to stagnate and force further cuts in the autumn Budget.

EDF, the French energy giant that owns and runs Britain’s nuclear fleet, and the government, which has committed £6 billion so far, were the first backers of the project.

But they have been trying to raise billions more from prospective investors, including British Gas owner Centrica.

The government in January was forced to deny reports the expected costs of Sizewell C had spiralled to £40bn due to inflation and the knock-on effects of delays at Hinkley Point C.

Whitehall sources told The Independent the government is hugely supportive of Sizewell C, but that an announcement on its approval and funding would not come before June.

Sources told The Times Sir Keir wants to make a “nuclear moment” by combining the approval of Sizewell C with an announcement on a generation of SMRs.

The government has been running a competition to develop the reactors, which are potentially cheaper, much faster to build and easier to deploy, with Rolls-Royce and GE Hitachi Nuclear Energy the frontrunners. https://www.independent.co.uk/news/uk/politics/starmer-nuclear-growth-trump-tariffs-b2730868.html

April 13, 2025 - Posted by Christina Macpherson | politics, UK