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£128m Hinkley Point C boost for Somerset communities
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- More than £3million per year over 40 years.
- Cash given to councils to create jobs and boost economy.
- Council leader hails "significant day" for Somerset.
SPEAKING after the announcement, Bridgwater and West Somerset MP Ian Liddell-Grainger said: "Sedgemoor communities near the Hinkley Point C site will be compensated for hosting the project at £1,000 per Megawatt for the plant’s 40-year lifetime. This would be around £130 million over that time.
“The money will flow between the county and district councils, but on the knowledge that Sedgemoor will be taking more of the strain of Hinkley, it will be more of a benefit to the district.
“Safeguards are in place to make sure the money is used for practical purposes and not for topping up the council’s finances.”
Council welcomes Government's commitment to nuclear community benefits http://t.co/uxnhHzzLLV— @SedgemoorDC 17 July 2013
NEGOTIATIONS over a 'strike price' for electricity produced by Hinkley Point C have been "positive", according to EDF Energy.
The energy giant is locked in talks with the Government over the guaranteed minimum price at which power from the plant will be sold.
The Hinkley C project will not progress until an agreement is reached.
In a statement welcoming an announcement of a £128 million community benefits package for Somerset, an EDF spokesman said: "Negotiations are continuing and both sides have characterised them as positive.
"EDF Energy is pleased to see the Government's decision regarding the provision of community benefit for local communities hosting new nuclear build projects.
"It is our belief that some business rates raised locally should be of benefit locally and the proposed scheme reflects that.
"The Government's scheme would ensure more than £3 million per year will be made available to the local authorities for a period of up to 40 years.
"This means that the local community would receive ongoing benefits, securing local economic development during the operation of the power station."
BUSINESS and energy minister Michael Fallon said: “New nuclear will have a central role to play in our energy strategy, providing heat and light to homes across the country.
“It is absolutely essential that we recognise the contributions of those communities that host major new energy projects.
“This package is in the interests of local people, who will manage it to ensure long-term meaningful benefit to the community.
“It’s proportionate to the scale and lifespan of new nuclear power stations and it builds on the major economic benefits they will bring in terms of jobs, investment and use of local services.”
Host Council delighted with Hinkley Point C Community Benefit announcement http://t.co/ZRxwuEJQx2— @wsomerset 17 July 2013
WEST Somerset Council leader, Cllr Tim Taylor, said: "Together with our partner councils we have been campaigning strongly for years that communities hosting new nuclear ought to be recognised in the same way as those housing wind farms and other forms of renewable energy.
"This money will provide a real boost to our communities and, along with the payments of more than £90 million secured from EDF Energy under Section 106 agreements during construction, provides a tremendous package of measures which will make a real difference.
"Community benefit will be used to recompense and reward communities affected by Hinkley Point C and not to fund West Somerset Council or its partner councils.
"West Somerset Council, as the host authority, should in addition benefit considerably by retaining a proportion of business rates coming from Hinkley Point C, once electricity generation starts."
WHAT are your thoughts? Have your say by commenting at the bottom of this article.
10:40am Wed 17 Jul 13
Blue Owl says
Good news, great to see that the continued pressure by all has resulted in some community benefit for the Hinkley C Project. But.............
There is always a but, !! The next issue is the storarage of Spent Fuel Rods @ Hinkley Point and the further Compensation to us the Residents, for having this Waste Storage on our doorstep for upwards of 60- 80 years.
The National Repository for this spent waste, is still on the drawing board, as to its design and possible location ???
So, just how much should we be compensated for this tempory storage over the long- Term.
David L Preece
Deputy Leader Cllr David Hall announces £128m of Govt. investment into Somerset if Hinkley C goes ahead http://t.co/wZbTHQtBIB— @SomersetCouncil 17 July 2013
SEDGEMOOR District Council leader Duncan McGinty said: “We are delighted that Sedgemoor’s continued pressure on decision makers in London has paid off.
"As long as five years ago, we recognised that pressure would need to be applied to the developers for them to commit any additional monies for communities, over and above that had been agreed through legal obligations."
SOMERSET County Council leader John Osman described the funding announcement as "a significant day" for Somerset.
He said: “We know that communities understand Hinkley Point is a nationally important project, so it is great to see this huge recognition from the Government.
“Of course, projects of this size and complexity have an impact on local areas, it is only fair that they should see a sizeable sum to compensate them.”
“This is fantastic news, and comes after many months of hard work by officers and politicians,” added council cabinet member David Hall.
“The money is a tremendous asset to our county and will help create jobs and apprenticeships, provide essential improvements like affordable housing and regenerate areas that could really do with financial help.”
COMMUNITIES in Somerset facing major disruption from the construction of a nuclear power station at Hinkley Point will be rewarded with a £128million package.
A community benefit deal announced by the Government yesterday will see the county receive more than £3million per year during the 40-year lifespan of the proposed reactors at Hinkley C.
The cash windfall is in addition to the £94million already secured through an agreement between EDF Energy and West Somerset, Sedgemoor District and Somerset County Councils last September.
A final decision on the new power station still hangs on an agreement being reached between EDF and the Government over a 'strike rate' - the guaranteed minimum price at which power from the plant will be sold.
If a deal is made, the money will be given to local councils over four decades for schemes to increase jobs, boost the local economy and provide funding for projects put forward by local communities.
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