National Wealth Fund Taskforce

(asked on 15th July 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of the effectiveness of the National Wealth Fund Taskforce since its establishment; and what recommendations the Taskforce has made in relation to investment projects in Northern Ireland.


Answered by
Darren Jones Portrait
Darren Jones
Chief Secretary to the Treasury
This question was answered on 23rd July 2025

At the International Investment Summit in 2024, the Government created the National Wealth Fund, to address the barriers to investment identified by the National Wealth Fund Taskforce. For more details on the Taskforce’s recommendations and the Government’s actions to implement them, please see:

https://www.gov.uk/government/publications/national-wealth-fund-mobilising-private-investment/national-wealth-fund-mobilising-private-investment-accessible

The Taskforce recommended that “where possible, any transactions should deliver against a wider set of public policy objectives, including jobs, supply chains and regional growth.”

The National Wealth Fund has an enhanced regional mandate, with a dedicated Northern Ireland director to actively seek investment opportunities. It also works closely with the Northern Ireland Executive and other local partners to provide financing and expertise.

Reticulating Splines