The British government has announced a £14.2bn (€16.2bn) investment to build Sizewell C nuclear plant, located in Suffolk (England, United Kingdom), as part of the Spending Review. Sizewell C was one of eight sites identified in 2009 as a potential site for new nuclear. However, the project was not fully funded in the 14 years that followed under subsequent governments. Developed by EDF Energy (16.5%) in partnership with the British government (83.5%), it will comprise two EPR reactors, with a total capacity of 3.2 GW, replicating the Hinkley Point C project in Somerset. The final investment decision on the funding model for the plant is expected later in 2025. Once construction starts, it will take more than a decade to complete.
In addition, the British government has selected Rolls-Royce as the preferred bidder to partner with Great British Energy – Nuclear to develop small modular reactors, subject to final approvals and contract signature, pledging over £2.5bn (€3bn) for the overall small modular reactor programme in this Spending Review period. Great British Energy – Nuclear, a state-owned energy investment body, will also aim to allocate a site later in 2025 and connect projects to the grid in the mid-2030s. The country intends to increase its nuclear capacity to 24 GW by 2050, which would represent about 25% of the country's projected electricity demand.
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