CCR Magazine

You are here  :Home arrow News arrow New £4m Hinkley Point C alternative finance deal powers project progress
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


New £4m Hinkley Point C alternative finance deal powers project progress PDF Print E-mail
Thursday, 02 March 2017
A specialist construction firm has secured a £3.8 million alternative finance funding line to complete its work at Hinkley Point C nuclear power station (HPC) over the course of the next ten years.

The multi-million-pound deal constructed by P2P business lending specialist Nucleus Commercial Finance, is comprised of £1.8 million in property finance combined with £2 million in invoice finance.

With the long-term nature of the contracts related to Hinkley Point C, traditional lenders and high street banks were unwilling to finance the work.

Commenting on the agreement, Nucleus Commercial Finance’s CEO Chirag Shah said: “This is a fantastic deal because it secures finance for a critical part of the Hinkley project. The closing of this deal sends a clear message that non-standard lenders are fast becoming essential to British infrastructure projects. Businesses now feel confident using alternative lenders as opposed to banks, and are realising that non-traditional solutions can provide stability and flexibility.”

“The fact that the company felt able to come to Nucleus for this custom-fit loan, especially when involved in such a high stakes project, is testament to the fact we take the time to understand our clients’ businesses and don't use a one size fits all checklist like traditional lenders” Shah added.

Hinkley Point C, the landmark Nuclear deal approved by Theresa May’s government in the latter half of 2016, is due to take ten years to complete at a cost of around £18bn.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197