Context
The question follows the publication of the advanced nuclear framework on February 4th, which aims to establish a pathway to market for privately financed advanced nuclear projects.
Question
What recent progress has been made on developing alternative routes to market for new nuclear projects? I am concerned about providing a clear pathway for credible projects such as the one X-Energy and Centrica are delivering in my constituency, which will make Hartlepool a trailblazer for our country. Will he ensure that the right balance is struck between backing those projects that are most robust and mature and recognising that Government support will be particularly important to unlocking private investment for the first project of its kind in the UK?
Answer from Michael Shanks
The Government has published the advanced nuclear framework, which establishes a pathway to market by introducing the UK advanced nuclear pipeline and clarifying the enabling policy landscape. The framework enables credible, mature privately led projects by providing clarity needed to attract private capital. Projects must meet the readiness assessment, gaining in principle the endorsement of deliverability.
Not addressed: Specific commitment on Government support for the first project of its kind in Hartlepool was not provided
Was this summary accurate? Tell us
How accurate was this summary? (1 = poor, 5 = spot on)