Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what is the status of National Wealth Fund Bill.

The National Wealth Fund has the remit it needs to invest in a wide range of projects, businesses, and assets to drive growth across the UK.

HMG has provided NWF with a total capitalisation of £27.8bn and has invested £5.8bn since its launch in 2024.

Since the Chancellor’s Strategic Steer was issued, the NWF has undertaken extensive market engagement and is delivering significant investment alongside the private sector, supporting jobs and growth across the country.

The NWF’s recently published strategic plan will support 200,000 jobs and unlock over £100 billion of investment into the UK, without requiring new legislation.