Boris Johnson pledges £700m for the project in Suffolk, adding a decision is likely within weeks.
Image source, Sizewell CPrime Minister Boris Johnson has said he is “confident” the Sizewell C nuclear power plant on the Suffolk coast will go ahead, adding a decision is likely within weeks.
In a speech at Sizewell, Mr Johnson pledged to invest £700m in the plant.
The project, which is being developed by French energy company EDF, is estimated to cost about £20bn overall.
The government gave the go-ahead for the plant in July with negotiations on raising funds continuing.
Mr Johnson said the war in Ukraine, which has pushed up gas prices, had demonstrated the need for new nuclear generation capacity in the UK.
“We need to pull our national finger out and get on with Sizewell C,” the outgoing PM said.
“That’s why we’re putting £700m into the deal, just part of the £1.7bn of government funding available for developing a large-scale nuclear project to final investment stage in this parliament.
“In the course of the next few weeks I am absolutely confident that it will get over the line.”