The UK Government on 18 May announced it will bring forward legislation further committing itself to creating more nuclear power.
Kwasi Kwarteng, the Secretary of State for Business, Energy and Industrial Strategy, made the announcement in a statement in the House of Commons marking six months since the publication of the Prime Minister’s 10 Point Plan for a Green Industrial Revolution. Kwarteng also said the Government has an “ongoing commitment to increasing, not decreasing, capacity in nuclear power” in the UK.
In response NIA CEO Tom Greatrex said: "We warmly welcome the Secretary of State’s confirmation that the government will bring forward legislation for a new model of nuclear financing in this Parliament. This is the key to cutting the cost of capital and driving investment in new projects. We urge the government to introduce the legislation as soon as possible, so we can get on and build the nuclear capacity we need to hit net zero and create good jobs across the country."