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Annual Report and Accounts 2025

Empowering progress

Torness 104 sand2

Our annual report for the year ending March 2025 was published in November 2025.

It sets out that the fund has total assets of c.£20.7 bn. Of this c.£16 bn is held in the government’s National Loans Fund and just over £4 bn in our Mixed Assets Portfolio (MAP).

The Report details that, over the last 10 years, the MAP has grown by 6.9% annually.

Overall to date the fund has paid out £2.4 bn to discharge decommissioning liabilities

As this report explains, the fund’s investment strategy is designed to ensure long-term asset growth, providing not only secure funding for nuclear decommissioning but also delivering substantial benefits to the UK taxpayer, both presently and in the years to come.

Full details are available here.