Nuclear Energy (Financing) Act 2022

Key Points

• Establishes a framework for government-backed financing of nuclear energy projects.
• Allows financial support for such projects, including potential loans or guarantees.
• Completed its parliamentary passage and received Royal Assent, becoming law.
• Originated in the House of Commons.

Progress

The bill has completed its passage and received Royal Assent, so it is now law with no further parliamentary stages required.

Voting

Across three votes, Conservative MPs voted in favour, with strong party unity (evidence: 132 Aye, 0 No). Labour MPs were mixed (40 Aye, 42 No). Other parties largely opposed, including Liberal Democrats (0 Aye, 13 No), SNP (0 Aye, 5 No) and Plaid Cymru (0 Aye, 1 No), with Reform UK in support (8 Aye, 0 No).