National Wealth Fund
The question
To ask the Chancellor of the Exchequer, what intra-month assessment she has made of the performance of the National Wealth Fund since its launch.
Answered by James Murray
Formal assessment of the National Wealth Fund’s (NWF) performance occurs on an annual basis through assessment against their business plan. This will be published in the NWF’s annual report and accounts after the end of their first financial year.
The NWF reports monthly on financial returns, and HM Treasury attends quarterly shareholder meetings to ensure delivery is on target. The NWF also works with Government to agree key performance indicators that translate HMT’s strategic direction into performance targets.
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