This announcement may have something to do with the election, but it's a real project.
This is more a case of industry doing something with no meaningful input from the government, and politicians acting like they made it happen.
Oh, they're going to explore the possibility of making someone invest. Sunak isn't saying «we'll use government money» and no company volunteering its money, it's all about planning without a budget.
I am planing on creating the next unicorn startup, cashing out for $10bn and flying to the moon in a converted mega-yacht.
What you want is an money fountain turned to high. A cost-plus contract for Hinkley Point E or F would be good, but if you're willing to change fields, why not build something in Saudi Arabia? Build something for the Neom project and make sure to be paid early and well.