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Hinkley Point nuclear community to get £3.2m per year Hinkley Point nuclear community to get £3.2m per year
(35 minutes later)
The government has offered a package worth £3.2m per year to communities near a new nuclear power station at Hinkley Point in Somerset.The government has offered a package worth £3.2m per year to communities near a new nuclear power station at Hinkley Point in Somerset.
The deal, totalling £128m, will last for 40 years which is the lifetime of Hinkley Point C. The deal, totalling £128m, will last for 40 years which is the planned lifetime of Hinkley Point C.
Somerset County and West Somerset councils will get the money but will also share it with Sedgemoor council.Somerset County and West Somerset councils will get the money but will also share it with Sedgemoor council.
The package is separate to the so far £100m pledged by the developer to build infrastructure. The package is separate to the £100m so far pledged by the developer to build infrastructure.
'Reassured' 'Greatly reassured'
For about the first 10 years the government money will be made up of business rates retained locally.For about the first 10 years the government money will be made up of business rates retained locally.
Cash in the second phase, from 2030-60, will come directly from the Department for Energy and Climate Change (DECC). Cash in the second phase, from 2030-2060, will come directly from the Department for Energy and Climate Change (DECC).
The sum has been based on the amount of energy the power station generates - up to 1,000/MW per annum for up to 40 years.The sum has been based on the amount of energy the power station generates - up to 1,000/MW per annum for up to 40 years.
Previously Sedgemoor District Council had been arguing for the funding to be activated during the construction phase but this was rejected by the Energy and Climate Change Committee in May.Previously Sedgemoor District Council had been arguing for the funding to be activated during the construction phase but this was rejected by the Energy and Climate Change Committee in May.
But Duncan McGinty, leader of Sedgemoor District Council, welcomed the new package, claiming it "will greatly reassure the people of Bridgwater and West Somerset".But Duncan McGinty, leader of Sedgemoor District Council, welcomed the new package, claiming it "will greatly reassure the people of Bridgwater and West Somerset".
Under an agreement to build and run the facility, developer EDF Energy is set to give £64m which will be used for education, training, transport and housing.Under an agreement to build and run the facility, developer EDF Energy is set to give £64m which will be used for education, training, transport and housing.
EDF has also given a further £30m to local services for site preparation works which started in February 2012.EDF has also given a further £30m to local services for site preparation works which started in February 2012.