Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has plans to bring forward legislative proposals on the financing of new nuclear power stations; and if he will make a statement.

As set out in our response to the consultation on the Regulated Asset Base (RAB), RAB is a credible model for financing large-scale nuclear projects. It is also our assessment that using a RAB for such projects would require primary legislation. We are continuing to explore the RAB model with nuclear project developers and undertaking further policy development. We are also continuing to assess the potential role of Government finance during the construction of a nuclear project, subject to clear value for money for consumers and taxpayers, and all relevant approvals.