Sizewell C: Annual Update
House of Commons · Written Statements · 15 Jul 2026 · 1 speech · Official Report
My noble Friend Lord Vallance 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 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 welcome 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 £4.89 billion with more than 1,000 UK suppliers, including £1.35 billion 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...