The Hinkley Point C Community Fund
Following the EDF Board’s approval of the Final Investment Decision for Hinkley Point C in July and yesterday’s ‘green light’ from the Secretary of State for Business, Energy, and Industrial Strategy, Somerset Community Foundation is looking forward to playing an important role in supporting communities most affected by the construction over the next decade.
As part of the Section 106 agreement for the construction project, Somerset Community Foundation will be managing the £13million Hinkley Point C Community Fund to help local communities maximise the social, environmental and economic benefits of the development. We will start to work with local communities, local councils and other stakeholders in early 2017 to define the priorities for the fund and expect to launch it in the second half of next year.
Justin Sargent, SCF’s Chief Executive, said “I am looking forward to Somerset Community Foundation playing an important role in realising the potential that Hinkley Point C, one of the largest construction projects ever seen in Europe, brings to Somerset. Most importantly, we want to ensure that this fund enhances people’s quality of life in the communities that will be most affected through the construction period.”