China bought out of Sizewell C as UK confirms £700m stake in nuclear project

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China bought out of Sizewell C as UK confirms £700m stake in nuclear project
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The government has reconfirmed its commitment to invest £700m into Sizewell C, but questions remain over where the rest of the money will come from

Mr Shapps visited the proposed site on Monday, just weeks after the Chancellor confirmed the government's commitment to Sizewell during his Autumn Statement.Advertisement

The government's investment is for the early stage development of the plans, with the plant expected to take a decade to build at the cost of between £20-£30bn. Speaking to reporters at the site, Mr Shapps said he"queried" estimates that the costs could wrack up to as much as £30bn, as he was pressed on where the rest of the funding was coming from.The cabinet minister said he was confident money could be raised to build it from private investors."We've got no concerns at all about people investing in Britain.

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