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

To ask the Secretary of State for Business, Energy and Industrial Strategy, for what reasons the Government has permitted a significant proportion of investment in Sizewell C nuclear power station to come from foreign investors.

The Government welcomes investment into the UK’s nuclear sector and values the important role of overseas investors in large-scale infrastructure projects. The Regulated Asset Base model will help attract the significant investment needed from UK and international pension funds, insurers and other institutional investors, reducing reliance on overseas developers for finance which led to the cancellation of potential projects. Investment involving critical nuclear infrastructure needs to satisfy our robust national security, and other legal and regulatory requirements.

The Government has also declared its preparedness to invest directly in the Sizewell C project, subject to ongoing negotiations and all relevant approvals.