The National Wealth Fund has set out its ambition to drive more than £100bn of investment into the companies, infrastructure and supply chains for the UK.

The new strategic plan places green technologies at its heart, with the aim to “accelerate the pathway to clean energy” and save 500 million tonnes of CO2e GHG emissions by 2050.

Three strands are central to the plan:
1. Unlocking growth opportunities on the pathway to clean energy by accelerating investment into the most critical projects, technologies and industries that enable decarbonisation and have the potential to lower bills for households and businesses.
2. Accelerating place-based investment across all four nations of the UK by providing financing and expert advice to regionally significant projects through the Regional Project Accelerator and investing in the enabling infrastructure to support regional growth.
3. Strengthening sovereign and strategic capabilities by investing in growth opportunities underpinning the UK’s national security, enabling UK leadership in industries of the future, and backing domestic supply chains for growth and resilience. This includes critical minerals, defence, green steel and AI.

Oliver Holbourn, National Wealth Fund CEO, said: “This is an exciting new chapter for the National Wealth Fund as we look to unlock the UK’s future. We will be going further and faster to drive more than £100bn into the economy, fully deploying our capital over the next five years to help drive economic growth, accelerate the transition to clean energy, transform communities with place-based investments and strengthen our self-sufficiency, security and resilience."

To date, the National Wealth Fund has committed a third of its £27.8bn capital.

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