Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an estimate of the expected contribution of the National Wealth Fund to economic growth in Bedfordshire between 4 July 2024 and 4 July 2029.

Growth is the government’s number one mission, and the National Wealth Fund is a key lever for helping to deliver the investment underpinning this.

The National Wealth Fund is committed to supporting the Government's growth and clean energy missions. Importantly, the impact and long-term benefits of many of its investments will be felt UK-wide, not just in the location where the individual deal is situated.

Since July 2024, the NWF has committed £1.8 billion, supporting almost 10,000 jobs across the UK.

The National Wealth Fund has not estimated its expected impact in Bedfordshire specifically, but further detail on the National Wealth Fund’s impact can be found in its Annual Report & Accounts.