UK Government Proposes £5.5 Billion Subsidy for Sizewell C

The UK government has unveiled a new subsidy scheme worth up to £5.5 billion to support the development of the Sizewell C nuclear plant, which is being constructed by France's EDF in southeast England. This initiative is part of the UK’s strategy to enhance energy security and meet climate targets by replacing its aging nuclear fleet. Despite prior commitments of approximately £2.5 billion in taxpayer funds, Sizewell C has faced challenges in attracting further investment. The new Development Expenditure Scheme aims to cover costs until a final investment decision is made, with a government spokesperson affirming the project's role in achieving energy independence by 2030. If completed, Sizewell C could generate enough electricity to power about six million homes, significantly contributing to the UK's energy supply.