Responsibility for the fund within government lies with the Department for Energy Security and Net Zero.
[1] The fund is incorporated as a limited company registered in Scotland and is owned by the Nuclear Trust.
[2] The Nuclear Generation Decommissioning Fund was established on 28 March 1996 by the UK Government as part of the preparations for the privatisation of British Energy.
[3] On 14 January 2005, following the restructuring of British Energy after it required financial assistance from the government, the original agreement was terminated.
This is to be invested to fund the long term decommissioning costs of EDF's eight former British Energy nuclear stations, plus certain other contracted and uncontracted nuclear liabilities relating to the assets as they arise.