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<p>Assessment of the potential economic effect of the proposed 16 GW nuclear new build programme, which includes Hinkley Point C, was undertaken by the Nuclear Industry Association and, separately, Oxford Economics and Atkins, funded, respectively, by BIS and jointly BIS and DECC.<Sup>1</Sup> The latter assessment indicatedthat the UK supply chain has the potential to capture around 60% of theoverall value of investment in such a programme. No specificassessments have been made of the economic effect on manufacturingcompanies, including steel companies, that might be involved in theHinkley Point C nuclear power station or other projects planned acrossthe UK. Decisions on awarding contracts for the work at Hinkley Point Care a commercial matter for EDF. However, EDF have indicated thataround 57% of the construction opportunities at Hinkley Point C couldbe awarded to UKcompanies.</p><p>‘N1A Capability Report 2012; The Economic Benefit of Improving the UK's Nuclear Supply Chain Capability Oxford Economics and Atkins, 2013’.</p> |