A major nuclear new build programme will lead to substantial industrial and employment benefits – including considerable opportunities for the UK nuclear supply chain and helping UK manufacturing and construction.
New nuclear build will give the UK economy a major boost, with each new project expected to create up to 25,000 employment opportunities.
UK companies will deliver around 64% of the construction value of Hinkley Point C – so far preferred bidders for contracts have been announced worth over £1.3 billion.
These new build projects will help the supply chain across the UK, as companies of all sizes compete for work, improving not only their own capability, but the capability of UK-plc.
The business rates taken from nuclear new build will be kept directly by the local authorities of the region they are in, rather than being sent to central government. This will give a huge boost to the local communities in which they are based.