UK Economy Set to Surge with £20 Billion Boost from New Nuclear Energy Projects

Image: An artist's render of Sizewell C nuclear power station | Credit: EDF

The UK’s nuclear sector is on a clear upswing. Recent research from the Nuclear Industry Association (NIA) reveals that approximately 87,000 people are now directly employed in the country’s nuclear industry, representing a significant increase that reflects growing momentum. Britain’s nuclear power sector expanded by 25% in 2024 compared to just three years ago, reaching a valuation of £20 billion. This surge is primarily driven by ambitious projects such as Hinkley Point C and Sizewell C, which are generating both job creation and investment.

Altogether, the nuclear sector supports an estimated 256,000 jobs across the UK. Regionally, the South West—home to the Hinkley Point C construction site- accounts for 27,000 direct jobs, while the East of England hosts around 2,300 nuclear-related positions. Notably, in England, nearly one-third of these jobs are concentrated in the country’s most deprived local authorities, a trend mirrored in Scotland, where a third of nuclear employment is found in the 10% most disadvantaged areas.

Tom Greatrex, chief executive of the NIA, said: “More nuclear means more jobs and sustainable growth right across the country.

“Now is the time for final decisions on Sizewell C, the first of a fleet of small modular reactors and a clear plan for further large-scale and advanced technologies to boost our energy security, provide high-quality long-term jobs and reduce our reliance on foreign gas to keep the lights on.

“Countries around the world are advancing their nuclear programmes, and without confirmation on projects soon, the UK will risk being left behind. “In short, we need to get on with it.”

Energy secretary Ed Miliband has previously called for public and private investment in the UK’s nuclear energy industry, saying the technology “has an essential role to play in the future age of clean electricity”.

Government leaders have been vocal about the importance of nuclear energy in the UK’s clean electricity future. Energy Secretary Ed Miliband has advocated for robust public and private sector investments, emphasising nuclear power’s essential role. Meanwhile, Prime Minister Keir Starmer has pledged to reform planning regulations specifically to accelerate the development of small modular reactors, signalling a commitment to modernising and expanding the UK’s nuclear capabilities.

This blend of investment, policy support, and workforce growth marks a pivotal moment for nuclear power, positioning it as a cornerstone of the country’s clean energy transition.