Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether private equity firms will be eligible to receive funds via the National Wealth Fund.

As the UK's new impact investor, the National Wealth Fund will mobilise private investment – including from institutional investors such as private equity firms – and catalyse investment that would not have otherwise taken place.

The National Wealth Fund may also outsource management of its capital to third party managers, such as private equity firms, where doing so provides the best route to deploy capital into the UK’s world-leading clean energy and growth industries and to support the delivery of our new Industrial Strategy.