The UK government has committed £11.5bn in new state funding for the Sizewell C nuclear project, bringing total taxpayer investment to £17.8bn, as Chancellor Rachel Reeves aims to create 10,000 jobs and end years of uncertainty. This significant investment, part of a £113bn capital spending initiative funded by borrowing, marks a shift back to public funding in nuclear energy, with a final investment decision expected next month. Additionally, the government plans to invest over £2.5bn in nuclear fusion technology, emphasizing its commitment to enhancing the country’s energy security and economic growth.
