National Wealth Fund

The National Wealth Fund (NWF) is at the forefront of investing public money for our future. The NWF will have £27.8 billion of financial capacity. It will have an increased risk appetite with up to £7 billion in economic capital to hold against investments. Its mandate is set out in its Strategic Steer from the Chancellor of the Exchequer, although it will operate with a high degree of operational independence in its day-to-day activities, especially with regards to investment decisions. Through its leadership role, the NWF provides markets with the long-term certainty to build and supports investor confidence. It invests in key projects to reduce carbon emissions, create jobs, improve the UK’s economic security and support regional and local authorities to invest in their areas. To date the NWF, and its predecessor organisation, has invested £5 billion, mobilising £12.5 billion of private finance and created 18,600 jobs. The Chancellor set the ambition to go further...