National Wealth Fund: Minerals
The question
To ask the Chancellor of the Exchequer, if she will take steps to ensure that the National Wealth Fund is equipped to provide offtake finance and hedging instruments for the critical minerals industry.
Answered by Tulip Siddiq
With additional capital to deploy against an expanded mandate, the National Wealth Fund stands ready to help the market invest with confidence in support of the Government's growth ambitions.
The National Wealth Fund will be empowered via new tools such as performance guarantees and blended finance solutions to make investments that maximise mobilisation of private finance. This includes investments in the critical minerals sector.
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