Wind Power: National Wealth Fund
(asked on 8th November 2024) - View Source
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 the National Wealth Fund on offshore wind supply chain development.
Answered by
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The National Wealth Fund builds on the success of the UK Infrastructure Bank, expanding its mandate, with an enhanced risk budget, to support the broader Industrial Strategy.
The National Wealth Fund aims to address key barriers to investment and strengthen the entire value chain, by catalysing more private investment and accelerating investable projects coming to market to unlock growth opportunities across the UK. This will ensure robust support for domestic clean energy supply chains.