Investor Presentaiton
Government Support Package
Insurer of
Last Resort
The Government acts as insurer of last resort
The Government provides cover for insurable events above the amount the market is ready to
provide
Contingent Equity
Support
In the event of cost overruns above Threshold Outturn, the Government can be required to
provide equity financing to fund the shortfall otherwise it must discontinue the project
Discontinuation
In certain circumstances, the Government may elect to discontinue the project and pay
compensation
Compensation equal to 1 x RCV (with adjustment for break costs)
Market Disruption
Liquidity
£500m committed liquidity facility in case of market disruption
Government Support Package provides strong mitigation to highly unlikely scenarios during construction
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