National Wealth Fund inquiry kicks off with the view of business and investors
The Treasury Committee will be hearing from industry representatives during the first session of its inquiry into the National Wealth Fund (NWF).
Meeting details
Organisations such as the Institution of Civil Engineers and the Investment Association will give their view on whether the National Wealth Fund is set up to adequately deliver on its objectives.
The NWF, launched in October 2024, is owned by HM Treasury but operates wholly independently. The organisation aims to drive private investment and generate economic growth. Its priority sectors for investment, set by HM Treasury, are clean energy, advanced manufacturing, digital technologies and transport.
The Committee will be seeking to understand how the industries that will work with the NWF perceive the organisation, including whether they see it as able to contribute effectively to their sectors.
MPs may also choose to ask witnesses if they believe the NWF has adequate resources to intervene in a way which meaningfully changes investment levels. Other areas of interest may include how the NWF will achieve ‘crowding in’ rather than ‘crowding out’ of investment and the Government’s choice of priority sectors.