East Suffolk Trust is a major new environmental grant-giving charity in Suffolk. Its mission is to re-build the abundance and diversity of native plants and animals across the county, and to make East Suffolk the most ecologically diverse and resilient area in England.
Sizewell C will provide EaST’s core funding. The Company has made a legally-binding commitment to donate £1.5 million for each year of construction and its initial 20 years of operation. Thereafter funding will be at £0.75 million a year until the end of its operational life. This funding commitment is index-linked to 2022 values.
Sizewell C’s total financial contribution will be £78 million index linked assuming it takes 12 years to construct the power station and it operates for 60 years. If Sizewell operates for 100 years the fund would increase to over £100 million.
East Suffolk Trust will also seek to secure additional third-party funding e.g. from other developers.