National Wealth Fund
The question
To ask the Chancellor of the Exchequer, what information her Department holds on the total cost of the rebranding of the National Wealth Fund.
Answered by Darren Jones
The Chancellor announced at the International Investment Summit on 14th October 2024 that the UK Infrastructure Bank (UKIB) would be transformed into the National Wealth Fund (NWF), building on UKIB’s expertise and leadership to go further to catalyse more private investment.
Processes relating to the rebranding to the NWF were managed and carried out by the NWF and were conducted within the NWF’s existing departmental budgets.
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