About us

The fund holds and invests assets for the purpose of meeting costs of decommissioning eight nuclear power stations in the UK.

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The Nuclear Trust was established in March 1996 to cover the costs of decommissioning eight nuclear power stations (seven advanced gas cooled reactor stations (AGRs) and one pressurised water reactor station (PWR)) currently operated by EDF Energy Nuclear Generation Limited.

The Trust does this through Nuclear Liabilities Fund Limited (NLF), a company set up with the specific purpose of receiving, holding and investing assets for the purposes of making payments towards discharging certain nuclear liabilities.

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About us
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Our purpose

Established in 1996, the Nuclear Liabilities Fund is an independent ring-fenced fund, which exists to meet the costs of decommissioning eight nuclear power stations. Our primary purpose is to grow the fund over the long-term to be sufficient to meet decommissioning liabilities as they fall due.

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Corporate Structure

The fund is constituted so that its assets are ring-fenced and can only be used for the purpose of making payments towards discharging relevant nuclear liabilities

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How we invest
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Our investments

The fund value is approximately £20.7bn at March 2025

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Annual reports

Download our annual reports below

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