Toshiba Corporation is conducting talks with financial institutions to gain support for its £8bn nuclear programme in the UK, The Guardian reported on 10 December.
The firm is a 60% shareholder in the NuGen project to build a nuclear plant near Sellafield in Cumbria, where spent fuel is processed.
The move is thought to be the result of a fine, equivalent to £40mn, handed to the firm by Japan’s financial regulator for having overstated its profits.