The government has announced a deal with private investors to build the Sizewell C nuclear power station in Suffolk, for an estimated £38bn. Its nuclear programme, the biggest in a generation, also includes the UK's first small modular reactors (SMRs),

The government said it will take an initial 44.9% stake in the 3.2 gigawatt nuclear power station in southeast England, becoming the project’s biggest shareholder.

Britain has secured investment for the Sizewell C nuclear plant from Canadian pension fund La Caisse, Centrica and Amber Infrastructure, enabling the government to give the final go-ahead on Tuesday for the 38 billion pound ($51 billion) project.