The UK government on Tuesday pledged a 拢14.2 billion (around $19.14 billion) investment to support the construction of the Sizewell C nuclear power plant.
The nuclear power plant, to be built on the southeastern Suffolk in England, is expected to directly create 10,000 jobs, according to the Department for Energy Security and Net Zero.
The Sizewell C nuclear power plant is expected to supply electricity to millions of households, with construction projected to take around 10 years.
Commenting on the project, Chancellor of the Exchequer, Rachel Reeves, said: "Today we are once again investing in Britain's renewal, with the biggest nuclear building programme in a generation."
"This landmark decision is our Plan for Change in action," Reeves added.
"We are creating thousands of jobs, kickstarting economic growth and putting more money people鈥檚 pockets," she added.
British Energy Secretary Ed Miliband said: "We need new nuclear to deliver a golden age of clean energy abundance, because that is the only way to protect family finances, take back control of our energy, and tackle the climate crisis."
"This is the government's clean energy mission in action; investing in lower bills and good jobs for energy security," Miliband added.
Having opened the world's first commercial nuclear power station in the 1950s, the UK has not brought a new nuclear plant online since 1995, with all existing reactors except Sizewell B expected to be retired by the early 2030s.
The UK aims to almost entirely phase out fossil fuels from electricity generation by 2030 as part of its net-zero emissions strategy.
Reporting by Nuran Erkul in London
Writing by Handan Kazanci
Anadolu Agency