National Wealth Fund
The question
To ask the Chancellor of the Exchequer, when will a Bill be brought forward to update the remit of the National Wealth Fund.
Answered by Lucy Rigby
The National Wealth Fund already has the remit it needs to invest in a wide range of projects, businesses, and assets to drive growth across the UK.
HMG has provided NWF with a total capitalisation of £27.8bn and has invested £5.8bn since its launch in 2024.
The NWF’s recently published strategic plan will support 200,000 jobs and unlock over £100 billion of investment into the UK, without requiring new legislation.
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