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Written Question
National Wealth Fund
Tuesday 3rd September 2024

Asked by: Chris McDonald (Labour - Stockton North)

Question to the HM Treasury:

What progress she has made with Cabinet colleagues on establishing a National Wealth Fund.

Answered by Emma Reynolds - Parliamentary Secretary (HM Treasury)

The government is working at pace to establish the national wealth fund which is critical to our growth and green energy missions.

It will crowd in investment from the private sector into the industries of the future and create jobs across the country.

The Chancellor will set out more detail at the international investment summit in October.