Question to the HM Treasury:
To ask His Majesty's Government what assessment they have made of the capacity of the National Wealth Fund to finance (1) new manufacturing facilities, and (2) the hydrogen and fuel cell technology manufacturing sector.
The NWF is the government’s principal investor and policy bank, with £27.8 billion of capital to mobilise investment in the growth and clean energy missions
The NWF prioritises clean energy, digital and technologies, advanced manufacturing, and transport sectors. The NWF will commit at least £5.8 billion over this Parliament to green hydrogen, carbon capture, ports, gigafactories and green steel sub-sectors.