Financial Services: Environment Protection
The question
To ask the Chancellor of the Exchequer, what plans she has to evaluate the impact of sustainable finance policies on the distribution of capital flows across UK regions.
Answered by Emma Reynolds
As outlined in the Financial Services Growth & Competitiveness Strategy, the government is taking steps to maintain the UK’s international leadership in sustainable finance.
While the government has not made a specific evaluation on the impact of sustainable finance policies on the distribution of capital flows across UK regions, we expect our approach to sustainable finance to increase capital flows in the UK and maintain our position as the leading sustainable finance hub. As set out in the Clean Energies Sector Plan, the government is committed to spreading investment in clean energy in clusters across the UK's nations and regions.
In October 2024, the Chancellor also launched the National Wealth Fund (NWF) with £27.8 billion of capital to catalyse and mobilise additional private investment across the UK. The NWF is uniquely positioned to support regional and local strategies with commercial and financial advisory and lending support throughout the investment cycle to deliver on local priorities, supporting them with early-stage project development.
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