Ports: Construction
The question
To ask the Chancellor of the Exchequer, how the National Wealth Fund will support developing port capacity.
Answered by Tulip Siddiq
The National Wealth Fund (NWF) will create a step change in our ability to mobilise private capital in the UK’s most important sectors and assets. At least £5.8 billion of the NWF’s additional capital will focus on the five sectors announced in the manifesto: green hydrogen, carbon capture, ports, gigafactories and green steel and will be committed over this Parliament.
The NWF is actively engaging across a number of opportunities where financing support for ports could have a catalytic effect on the floating offshore wind market.
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