Thursday, October 28, 2010

NDA welcomes funding settlement

The NDA have a statement up on their website which you can read here, and which welcomes the annoucement in the Chancellor's statement last week of the funding settlement for the Nuclear Decommissioning Authority over the next four years.

Essentially the government recognised the nuclear cleanup is a national priority and largely protected this area from the cuts - which also happens to be very good news for Copeland. Together with projected commercial income, the settlement will ensure that total expenditure by the NDA will be maintained at current levels of around £3billion a year.

The statement includes the following quote by Tony Fountain, NDA's CEO:

"I welcome the funding settlement announced today as it recognises the importance the Government allocates to the decommissioning agenda. We will be able to fund a very significant, targeted, programme of work to manage the UK's nuclear legacy. Clearly, our funding is not unlimited and we will need to look at how we prioritise our expenditure. We need to continue to pursue commercial income aggressively and drive increased efficiencies across the estate. Laying out these choices and how we intend to allocate funds across our sites will be presented in our forthcoming Draft Business Plan in early December".

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