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Hinkley Point C Power Station

Question for Treasury

UIN 153376, tabled on 13 June 2018

To ask Mr Chancellor of the Exchequer, what discussions he has had with the Secretary of State for Business, Energy and Industrial Strategy on the fiscal multiplier associated with the Hinkley C nuclear power station project compared to carbon capture and storage projects.

Answered on

18 June 2018

As part of our appraisal of energy projects, the Treasury and the Department for Business, Energy and Industrial Strategy (BEIS) assess impacts on the local and UK economy. This is reflected in the Government assurance process for Hinkley Point C, and we continue to monitor the delivery of the project’s economic benefits with the developer. The developer expects the project will contribute £1.5 billion to the local economy during construction and 25,000 job opportunities, whilst up to 64% of the value of construction contracts will be received by UK companies.

Answered by

Treasury
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