EEF comment on Hinkley announcement

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Commenting on the Government confirmation for the Hinkley project Claire Jakobsson, Head of Climate & Environment Policy at EEF, the manufacturers’ organisation, said:

“This announcement provides some positive news for industry. With Hinkley C being such a major part of the Government’s energy strategy it is a relief to finally see the project given the green light after months of delays and uncertainty.  It is encouraging to see investment in major UK infrastructure projects continuing to go ahead.

“However, this project will clearly require a vast amount of support and it remains to be seen whether this deal is able to offer value for money. If new nuclear is to continue to play a major role we must see significant reductions in strike prices for future projects.

“With such a large amount of subsidy going into this project it is essential that the Government ensures the opportunities for the UK economy are maximised, particularly for manufacturers. Within the deal is a commitment to keep 60% of the value of the project within the UK. We must now ensure this is delivered.”

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