Wylfa Power Station: Investment

(asked on 21st October 2021) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential effect of both Government and private investment at the Wylfa Nuclear plant in North Wales on (a) job creation in North Wales, (b) economic investment in North Wales and (c) the Government's commitment to decarbonisation.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 26th October 2021

New nuclear projects can deliver significant local, regional, and national economic benefits, including high-skilled employment, to the UK. Government would expect to see similar levels of economic impacts to those at Hinkley in the regions where future power stations might be built.

The construction of Hinkley Point C has to-date seen EDF spend £3.5 billion in the south-west and it is estimated that a large-scale nuclear plant would support around 10,000 jobs at peak of construction.

The recently published Net Zero Strategy confirms that Government recognises the key role Nuclear will play in helping the UK to deliver on Net Zero. We are likely to need new nuclear capacity in order to meet our carbon reduction commitments, so we continue to engage with credible developers and investors on their proposals for future projects including Wylfa. The government has set out a new £120 million Future Nuclear Enabling Fund towards the development of nuclear projects. More details of the Fund and how it will operate will be released in due course.

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