The Nuclear Decommissioning Authority

Objective

• To create an environment where existing revenue can be secured, and opportunities can be developed against criteria agreed with Government.

 

The NDA is partly funded by Government and also derives income from land, property and commercial activities.  

Future income is not guaranteed, as much of it depends on the operation of ageing facilities and infrastructure.

Income significantly reduces in the short-term, primarily due to the end of Magnox electricity generation. Accordingly, executing our core mission at the same rate will require an increase in Government funding, unless additional revenue can be generated.

Our Strategy

To help fund decommissioning and clean-up without materially impacting on our core mission, or increasing liabilities, we will develop commercial opportunities to maximise revenue from our existing assets, operations and people. These opportunities may include:

• deploying existing facilities and resources to our commercial advantage
• disposing of surplus assets and reducing liabilities
• working with others to share costs to the benefit of the UK taxpayer

Some of these opportunities may arise from the UK's new reactor programme.

Successful past examples of this approach are the sale of land and the transfer of Springfields Fuels Limited to the private sector.

Underpinning Strategies

• Revenue Optimisation To maximise the value provided by our commercial revenue generating activities and operations.
• Land and Property Management To ensure we manage our land and property to support our site restoration activities, and make it available for alternative uses that optimise commercial or socio-economic benefit.