Enable public and private efforts to reduce gold-plating and risk aversion
Reduce gold-plating and risk aversion
The government should explore contracting mechanisms that incentivise more proportionate solutions for delivering nuclear projects to ALARP. This should include financial incentives that place greater focus on the time, cost and trouble element of delivering ALARP.
The Chancellor should write a letter to all regulators and industry operators to:
- address the issues of gold-plating and commitments on how this can be remedied;
- identify measures which can increase their risk appetite within the law;
- what measures they are taking to communicate and drive the necessary culture change; and
- where relevant, how contractual arrangements can be modified to ensure incentives are aligned with expeditious delivery.
Responses should be provided within 6 months (i.e. September 2026).
No updates recorded yet.
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Primary Owner
Original target: March 2026
Notes: Responses due September 2026
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