Will Sizewell C nuclear power plant create 10,000 jobs in the UK?

How will Labour’s £38 billion Sizewell C nuclear power plant impact the UK economy? Energy secretary Ed Miliband has signed off on a £38bn deal to build Sizewell C, with Canadian investment fund La Caisse, British Gas owner Centrica and French state companies lining up to back the nuclear power station. In a final decision signed off by Miliband, the government has agreed to be the largest equity shareholder in the project – which had been slated to cost £20bn – with an “initial” stake of 44.9 per cent. The newly-created National Wealth Fund will provide the majority of Sizewell C’s debt finance alongside French public credit agency Bpifrance Assurance Export, which is providing £5bn in debt guarantee, to support its building. La Caisse will take a 20 per cent share in Sizewell C while Centrica’s stake will be 15 per cent. Click the link in our bio to read more about the story 🔗 #uk #news #energy #gas #economy #economics #business #finance #personalfinance #jobs #politics #rachelreeves #edmiliband #sizewellc #powerplant