UK Announces $19.3 Billion Funding for New Nuclear Power Project

The plant, named Sizewell C, would be the first new nuclear power facility to begin construction in Britain in more than two decades.

Sizewell B nuclear power station, in Sizewell, England, on Sept. 1, 2022. Chris Radburn/AFP via Getty Images

The UK government said on June 10 that it plans to invest 14.2 billion pounds ($19.3 billion) to build a new nuclear plant in the southeast of England.

The Department for Energy Security and Net Zero revealed the move as part of its broader spending review, which will lay out priorities for the next four years.