National Wealth Fund (United Kingdom)

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The National Wealth Fund is a public finance institution of the United Kingdom, created in October 2024 when the UK Infrastructure Bank was refocused and branded as the National Wealth Fund to mobilise private capital for clean energy and industrial transformation, and to support long-term regional growth. It is sponsored by HM Treasury and operates at arm’s length under a Statement of Strategic Priorities for the 2024 to 2029 Parliament. The fund has up to £27.8 billion of public capital announced for deployment through equity, loans, guarantees and local-authority lending, with the objective of "crowding in" larger volumes of private investment. Its activities complement other UK institutions, including the British Business Bank for small and medium-sized enterprises and Great British Energy for power-sector projects. Analysts describe the fund as a national investment vehicle rather than a classic sovereign wealth fund, and note that outcomes will depend on governance, project pipelines...

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