NuGen signs Treasury deal for Moorfield funding

THE multi-billion new nuclear project at Moorside, West Cumbria, has taken a fresh leap forward after operator NuGeneration signed an agreement with the government to promote financing.

The deal establishes a process to enable access to the UK Guarantee Scheme, which was introduced in 2012 to accelerate investments in major infrastructure projects.

NuGen and HM Treasury will work together to see how the scheme can support arrangement of external project finance for Moorside, set to be the UK’s and Europe... For the full story register now for free or login below...