Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how the National Wealth Fund will support developing port capacity.

The National Wealth Fund (NWF) will create a step change in our ability to mobilise private capital in the UK’s most important sectors and assets. At least £5.8 billion of the NWF’s additional capital will focus on the five sectors announced in the manifesto: green hydrogen, carbon capture, ports, gigafactories and green steel and will be committed over this Parliament.

The NWF is actively engaging across a number of opportunities where financing support for ports could have a catalytic effect on the floating offshore wind market.