Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an estimate of the number of staff within the National Wealth Fund that did not previously work for the UK Infrastructure Bank.

Answered by Darren Jones - Chief Secretary to the Treasury

The Chancellor announced at the International Investment Summit on 14th October 2024 that the UK Infrastructure Bank would be transformed into the National Wealth Fund (NWF), This change took effect on that day. All UKIB staff were retained as part of the NWF.

To realise its ambition to catalyse more private investment and accelerate investable projects coming to market across the UK, the NWF will be expanding its team based at its headquarters in Leeds.

The number of roles at the NWF will be published in the “Staff Report” within the NWF’s Annual Report of Accounts, published following the end of this financial year.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an estimate of the number of people employed by the National Wealth Fund that previously worked for the UK Infrastructure Bank.

Answered by Darren Jones - Chief Secretary to the Treasury

The Chancellor announced at the International Investment Summit on 14th October 2024 that the UK Infrastructure Bank would be transformed into the National Wealth Fund (NWF), This change took effect on that day. All UKIB staff were retained as part of the NWF.

To realise its ambition to catalyse more private investment and accelerate investable projects coming to market across the UK, the NWF will be expanding its team based at its headquarters in Leeds.

The number of roles at the NWF will be published in the “Staff Report” within the NWF’s Annual Report of Accounts, published following the end of this financial year.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what information her Department holds on the total cost of the rebranding of the National Wealth Fund.

Answered by Darren Jones - Chief Secretary to the Treasury

The Chancellor announced at the International Investment Summit on 14th October 2024 that the UK Infrastructure Bank (UKIB) would be transformed into the National Wealth Fund (NWF), building on UKIB’s expertise and leadership to go further to catalyse more private investment.

Processes relating to the rebranding to the NWF were managed and carried out by the NWF and were conducted within the NWF’s existing departmental budgets.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department has plans to align the British Business Bank under the National Wealth Fund.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The National Wealth Fund (NWF) is the UK’s impact investor, mobilising billions of pounds of investment in the UK’s world-leading clean energy and growth industries. The British Business Bank (BBB) continues to be responsible for improving access to finance for SMEs, including new programmes to channel venture investment into the UK’s fastest growing, most innovative companies and closing the scaleup capital gap.

The NWF and the BBB work in close partnership to deliver the government’s industrial strategy in line with their respective mandates, maintaining a coordinated and complementary approach to tackling finance gaps and boosting economic growth. The government will continue to review how these institutions operate and interact with the market, government departments and each other to ensure that they are as effective as possible in mobilising private investment and delivering economic growth.

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether (a) Ministers and (b) officials in his Department have had discussions with (i) Dale Vince and (ii) representatives of Ecotricity since 5 July 2024.

Answered by Michael Shanks - Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)

Details of Ministers’ and Permanent Secretaries' meetings with external individuals and organisations are published quarterly in arrears on GOV.UK.

Published declarations include the purpose of the meeting and the names of any additional external organisations or individuals in attendance.

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of Heckington Fen Solar Park on future trends in the level of energy bills for (a) domestic and (b) commercial consumers in Lincolnshire.

Answered by Michael Shanks - Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)

Decarbonising the power system by building more solar will increase energy security by reducing the UK’s dependence on imported oil and gas, which will in turn reduce the exposure of consumer bills to volatile international prices. Currently the cost of electricity tracks the cost of gas because gas generation sets the marginal wholesale price. Decarbonising the power system would break this link and in turn the exposure of UK electricity prices to global gas prices.

Through the Clean Power Action Plan, the Government has made clear that where communities host clean energy infrastructure, it will ensure they benefit from it.

Found: Gareth Davies: We do, yes.

Found: Louise Bladen, Director, National Audit Office, Gareth Davies, Comptroller and Auditor General, National

Found: Gareth Davies: We do, yes.

Found: Gareth Davies, Comptroller and Auditor General, National Audit Office, Simon Bittlestone, Director,

Found: Gareth Davies Permanent Secretary Old Admiralty Building London SW1A 2DL The Rt Hon.

Found: Gareth Davies, head of the NAO The National Audit Office Report: ‘Dangerous Cladding’ – the government

Found: Gareth Davies Permanent Secretary Old Admiralty Building London SW1A 2DL Sir Geoffrey

Found: Gareth Davies Permanent Secretary Old Admiralty Building London SW1A 2DL Sir Geoffrey

Found: Gareth Davies, Comptroller and Auditor General, National Audit Office, Helen Hodgson, Director, National

Found: Gareth Davies, Comptroller and Auditor General, National Audit Office, Helen Hodgson, Director, National

Found: Gareth Davies, Comptroller and Auditor General, National Audit Office, Ruth Kelly, Director, National

Found: Gareth Davies, Comptroller and Auditor General, National Audit Office, Jenny George, Director, National

Found: Gareth Davies, Comptroller and Auditor General, National Audit Office, Jenny George, Director, National

Found: Gareth Davies, Comptroller and Auditor General, National Audit Office, Lee Summerfield, Director, National

Found: Negatived on division_67 James Wild Gareth Davies .

Found: _NC4 James Wild Gareth Davies .

Found: Gareth Davies COMPTROLLER & AUDITOR GENERAL NATIONAL AUDIT OFFICE Gareth Davies was appointed Comptroller

Found: Contents Gareth Davies COMPTROLLER & AUDITOR GENERAL NATIONAL AUDIT OFFICE Gareth Davies was appointed

Found: The Comptroller and Auditor General (C&AG), Gareth Davies, is an Officer of the House of Commons and

Found: The Comptroller and Auditor General (C&AG), Gareth Davies, is an Officer of the House of Commons and

Found: The Comptroller and Auditor General (C&AG), Gareth Davies, is an Officer of the House of Commons and

Found: savings, Project and service delivery Departments: Cross-government Author: Gareth Davies

Found: The Comptroller and Auditor General (C&AG), Gareth Davies, is an Officer of the House of Commons and

Found: industry Departments: Department for Business & Trade On this page Press release Gareth Davies

Found: Report I have no observations to make on these financial statements Gareth Davies 7 July 2021 Comptroller

Found: Gareth Davies July 2022 Comptroller and Auditor General National Audit Office 157-197 Buckingham

Found: Gareth Davies Date: 6th February 2025 Comptroller and Auditor General National Audit Office

Found: Gareth Davies Date: 6th February 2025 Comptroller and Auditor General National Audit Office 157-197

Found: Gareth Davies Date: 6th February 2025 Comptroller and Auditor General National Audit Office

Found: Gareth Davies Date 31 January 2025 Comptroller and Auditor General National Audit Office

Found: PART III: NOTE D - EXPLANATION OF ACCOUNTING OFFICER RESPONSIBILITIES Accounting Officer: Gareth Davies

Found: PART III: NOTE D - EXPLANATION OF ACCOUNTING OFFICER RESPONSIBILITIES Accounting Officer: Gareth Davies

Found: Gareth Davies 7 December 2024 Comptroller and Auditor General National Audit Office 157

Found: 03/07/2024 The Brief Writers Meeting to discuss organisational leadership skills Gareth Davies

Found: Gareth Davies C B Permanent Secretary, Department for Business and Trade Annual report and accounts

Found: Gareth Davies CB Permanent Secretary, Department for Business and Trade Annual report and accounts |

Found: Gareth Davies CB Permanent Secretary, Department for Business and Trade Annual report and accounts

Found: Nil Return Nigel Huddleston Nil Return Nil Return Nil Return Nil Return Nil Return Nil Return Gareth Davies

Found: Return Nil Return Nil Return Nigel Huddleston Nil Return Nil Return Nil Return Nil Return Gareth Davies

Found: Report I have no observations to make on these financial statements Gareth Davies 7 July 2021 Comptroller

Found: Gareth Davies July 2022 Comptroller and Auditor General National Audit Office 157-197 Buckingham

Found: Gareth Davies Date: 6th February 2025 Comptroller and Auditor General National Audit Office

Found: Gareth Davies Date: 6th February 2025 Comptroller and Auditor General National Audit Office 157-197

Found: Gareth Davies Date: 6th February 2025 Comptroller and Auditor General National Audit Office

Found: Gareth Davies Date 31 January 2025 Comptroller and Auditor General National Audit Office

Found: Gareth Davies 24 January 2025 Comptroller and Auditor General National Audit Office 157

Found: Gareth Davies D ate: 29 January 2025 Comptroller and Auditor General National Audit Office 157–197

Found: Gareth Davies Comptroller and Auditor General National Audit Office 157-197 Buckingham Palace Road Victoria

Found: Gareth Davies Date 24 January 2025 Comptroller and Auditor General National Audit Office 157

Found: Gareth Davies Comptroller and Auditor General 30 January 2025 National Audit Office 157-197 Buckingham

Found: Gareth Davies 7 December 2024 Comptroller and Auditor General National Audit Office 157

Found: Secretary of State for Business and Trade (for items 1 and 2) Officials • ISAC Secretariat • Gareth Davies

Found: Gareth Davies Date 24 January 2025 Comptroller and Auditor General National Audit Office 157

Found: Gareth Davies Date: 24 January 2025 Comptroller and Auditor General National Audit Office 157

Found: Gareth Davies Date: 24 January 2025 Comptroller and Auditor General National Audit Office 157

Found: Gareth Davies Comptroller and Auditor General 28 January 2025 National Audit Office, 157-197 Buckingham