Earlier, Chancellor of the Exchequer Rt Hon Rachel Reeves delivered the Spending Review, pledging to invest £113 billion in new capital spending.
Of most interest to the energy and infrastructure sectors:
- Over £14 billion for the Sizewell C nuclear power station
- £2.5 billion for modular nuclear reactors
- Additional funding for carbon capture and storage, including support Acorn and Viking
- £15 billion directed toward local transport projects, particularly in Labour’s northern and Midlands strongholds. Support for projects including Trams in Manchester, Birmingham and the Tyne and Wear Metro
- Confirmation of £4.2 billion allocated towards building and maintaining local and national flood defences over three years
Read our report for further details on measures announced at the Spending Review and analysis on what this means for energy and infrastructure.
Read the full report