National Wealth Fund
The question
To ask the Chancellor of the Exchequer, what the criteria are for harbours and ports to access the £1.8 billion allocated in the National Wealth Fund for the upgrade of port infrastructure and supply chain facilities.
Answered by James Murray
The National Wealth Fund has financial capacity totaling £27.8 billion, of which at least £5.8 billion will be committed over this Parliament to the five priority sectors that the Chancellor announced at the International Investment Summit, including ports.
There are no unique or additional criteria for accessing this funding as it will be deployed in line with the National Wealth Fund’s standard approach, an overview of which can be found here: https://www.nationalwealthfund.org.uk/how-we-invest-principles-and-approach.
This capital is available now - and will be targeted into investable projects that meet the National Wealth Fund’s investment criteria and mandate – driving growth, clean energy and creating the jobs of the future.
Anyone with a potentially investable project can contact the National Wealth Fund via its website.
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