Source · Select Committees · Energy Security and Net Zero Committee
Recommendation 15
15
Acknowledged
Investigate creative mechanisms to ensure local economic value from nuclear developments is captured.
Recommendation
Besides traditional measures like apprenticeship quotas and community benefit funds, the Government should also investigate more creative mechanisms to ensure economic value from nuclear developments is captured locally. This could include doing more to encourage jointly consenting public infrastructure like roads and railways, and exploring fiscal measures like full business rate retention for local authorities. These approaches may prove more adaptable to SMRs, with their smaller geographic and economic footprint. (Recommendation, Paragraph 51)
Government Response Summary
The government notes the recommendation and is exploring all options, including potential guidance on community benefit funds, to ensure economic value from nuclear developments is captured locally.
Government Response
Acknowledged
HM Government
Acknowledged
Government notes the Committee’s recommendation to develop creative mechanisms to ensure the economic value of nuclear developments is captured locally. Through the Clean Power Action Plan, we have been clear that where communities host clean energy infrastructure, such as nuclear power stations, we will ensure they benefit from it. We are exploring all options, including potential guidance on the provision of community benefit funds, to ensure communities can benefit from our clean power mission. Population Density