Part 14: Civil Nuclear Sector Chapter 4: Great British Nuclear Section 320: Financial assistance
Section 320 allows the Secretary of State to give financial assistance to GBN to deliver its objectives. This funding can be provided to GBN in any form, including grant or via the acquisition of shares. In addition to providing the funding for GBN’s operating costs, this power will enable GBN to deploy government funding via its subsidiaries, to invest in individual nuclear projects and co-fund technologies through their development.
	Section 320 also allows the Secretary of State to provide financial assistance directly to ‘any other person to facilitate the design, construction, commissioning and operation of nuclear energy generation projects.’ This provides flexibility to the Secretary of State when planning future projects and also means that, should GBN cease to exist in the future, the Secretary of State can continue to fund ongoing projects.
	Section 320 will allow for financial assistance to be provided by the acquisition of debt instruments.
	Funding may be provided subject to conditions set by the Secretary of State and the exact level of funding provided for investment in new nuclear projects will be subject to future spending review decisions.