Minister for Energy (): My Honourable Friend
of Balham, Minister of State
for Science, Research and Innovation has today made the following
statement:
The final investment decision (FID) for Sizewell C, announced on
22 July 2025 stands as the UK's most significant public
investment in clean, homegrown energy this century. The deal
represented the best outcome for consumers and for taxpayers,
combining lower-cost government finance with investment from
third parties, each with valuable experience in delivering and
managing complex infrastructure projects.
In the Summary Business Case for the project (which is available
here: https://www.gov.uk/government/publications/sizewell-c-project-summary-business-case(opens
in a new tab)), the Department for Energy Security and Net
Zero committed to providing Parliament with an annual update on
the project's progress. Alongside this, in line with reporting
obligations under Managing Public Money, I am also notifying the
House of the publication of Sizewell C Ltd's Annual Report and
Accounts (ARA) for the 2025-26 financial year.
The Government welcomes the progress Sizewell C Ltd has made in
the last year.
There are now over 2,000 people on the Sizewell C construction
site each day. Sizewell C Ltd also reports that the project has
spent £4.89bn with more than 1,000 UK suppliers, including
£1.35bn across the East of England alone, demonstrating the
benefits of the project to both national and local economies. The
project has also created 120 apprenticeships to date, with 80 of
these for people from Suffolk. With plans to create 1,500
apprenticeships across the construction period, the project will
be invaluable to ensuring the UK has the skills and capabilities
needed to support future projects, as part of the Government's
vision for a new golden age of nuclear power.
Departmental annual update
Since FID and reaching Financial Close, the Department's priority
has been supporting successful delivery of the project across the
Government's roles as shareholder, policy sponsor and provider of
the Government Support Package (GSP), and debt provider (with the
Government's debt finance to the project managed and administered
by the National Wealth Fund).
As shareholder, the Department has been working alongside private
sector investors to help ensure the project remains on track
while maintaining effective governance and oversight.
As policy sponsor, the Department has supported Sizewell C's
engagement with other government departments and bodies, for
instance with Defra and the Environment Agency on the launch of a
Lead Environmental Regulator pilot programme, which is being
tested on a variety of major infrastructure projects including
Sizewell C. Encouraging collaboration between developers,
regulators and other partners is a key part of delivering the
Government's agenda for growth, by helping to streamline
construction and keeping major projects on track.
Looking ahead, following the identification of Sizewell C as a
megaproject by the Office for Value for Money, in the coming
months the Department will lay a Strategy and Delivery Plan (SDP)
for Sizewell C as a Command Paper and publish it on GOV.UK.
Sizewell C Ltd Annual Report and Accounts
On 6 July 2026, Sizewell C Ltd published its ARA (which is
available here: https://www.sizewellc.com/wp-content/uploads/2026/07/Annual-Report-2025-26.pdf(opens
in a new tab)). The ARA provides a comprehensive account of
the Company's activities during 2025-26, recording a year of
major milestones for the project, including the expansion of
construction activity on site, growth in the workforce, and
continued development of the project's delivery arrangements. It
also provides updates on the project's strategic priorities
looking ahead, project finances, governance arrangements, and its
approach to managing delivery risks and opportunities.
The project has already completed important local road and rail
upgrades, and is delivering on its construction milestones,
including first aggregate deliveries by train, progress on the
beach landing facility, work on the temporary sea defence and
cut-off wall to enable bulk excavation for the power station's
foundations.
The Department will continue to publish annual updates on the
project in conjunction with Sizewell C Ltd's Annual Report and
Accounts.
