8th October 2014
Ashley Fox, MEP for the South West of England & Gibraltar, has warmly welcomed the decision by the Commission to finally give the go ahead for the new reactor at Hinkley Point. The proposed development had been the subject of a lengthy investigation by officials within the Competition Commission as to whether the funding package for the new reactor constitutes ‘state aid’ and is therefore illegal under EU law. This investigation has now concluded and the plans have been approved.
It is estimated that the Hinkley Point C reactor will cost £16bn to build. Furthermore it will provide 25,000 employment opportunities throughout it’s decade long build time, and once completed will need a permanent work force of over 900.
Ashley, who is the Conservative Party’s European Energy Spokesman, argues that “The Hinkley C Reactor in Somerset will provide 7% of the entire UKs electricity needs. Not only does this decision pave the way for a whole new generation of nuclear power stations across the UK but also unlocks billions of pounds of private investment into the South West’s economy.”
“If we are serious about meeting our energy demands with a low carbon, affordable and reliable energy source then the decision to build more nuclear power stations is obvious. I hope that we can all support this exciting project and work together to ensure that the development in Somerset provides the right investment to support the large work force that is needed.”