In one of her first major decisions as Chancellor, Rachel Reeves has given the official green light to the massive Sizewell C nuclear power station, marking a significant departure from previous Labour energy positions.
The £20-30 billion project on the Suffolk coast represents one of the largest infrastructure investments in recent British history and signals the new government's commitment to energy security and decarbonisation.
Thousands of Jobs Created
The development is expected to generate approximately 10,000 skilled jobs during peak construction, providing a major boost to the regional economy and creating opportunities for apprentices and workers across multiple sectors.
"This decision underscores our commitment to clean, secure energy and rebuilding Britain's industrial backbone," a Treasury source revealed.
Strategic Energy Shift
The approval represents a notable policy shift for Labour, which had previously expressed reservations about new nuclear projects. The move positions nuclear power as central to Britain's transition away from fossil fuels while ensuring stable baseload electricity.
Industry leaders have welcomed the decision, noting that Sizewell C could eventually power around six million homes and contribute significantly to Britain's carbon reduction targets.
Funding and Timeline
While exact financing details remain under discussion, the project is expected to combine government investment with private sector funding. Construction could begin within months, with completion anticipated in the early 2030s.
The Chancellor's swift action demonstrates the government's determination to accelerate energy infrastructure projects and stimulate economic growth through strategic public investment.
