Today the Department for Energy and Climate Change announced a benefit scheme for communities hosting New Nuclear power stations. Communities around eight sites in England and Wales could receive benefits worth up to £1000/MW over 40 years from when the nuclear power stations begin operating. Use of the funds will be tailored to specific localities and will be managed locally to bring long-term benefit and focus on ensuring an economic and social legacy arising from the development. It could be worth up to £128m to the area around the proposed twin-reactor at Hinkley Point in Somerset. Local authorities hosting new nuclear power stations will benefit for up to the first 10 years of operation from a share of the significant increase in business rates revenues that will arise. To account for the scale and lifespan of nuclear power stations, local communities will receive further funding from central government for an additional 30 years. These benefits are in addition to the investment, jobs and use of local services that major infrastructure projects bring, and in addition to agreements between developers and communities under Section 106 of the Town and Country Planning Act which include substantial mitigations during construction. More information can be found here: https://gov.uk/government/news/communities-to-benefit-from-hosting-nuclear-power-stations and the full written ministerial statement can be found here: https://gov.uk/government/speeches/community-benefits-for-sites-that-host-new-nuclear-power-stations-michael-fallon Kind regards, The Office for Nuclear Development
Posted on: Wed, 17 Jul 2013 20:19:36 +0000
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