Minister and CEO to face questions on National Wealth Fund
The outgoing Chief Executive Officer of the National Wealth Fund and the Minister responsible for overseeing the policy area will give evidence to the Treasury Select Committee next Tuesday morning.
Meeting details
The session will be split into two parts. First, current CEO John Flint will appear from 9:15 am. This will be followed by a separate discussion with the Financial Secretary to the Treasury, Lord Livermore.
The NWF is able to deploy £27.8 billion to drive private investment in areas that align with the Chancellor’s priority sectors: clean energy, advanced manufacturing, digital technologies and transport.
When questioning Mr Flint, MPs may probe the witness on how the organisation has transformed under a new government, given he was also the CEO during its previous incarnation as the UK Infrastructure Bank.
As well as being the Financial Secretary to the Treasury, the Government has also named Lord Livermore the Minister for Growth. Members of the Committee may therefore choose to quiz the minister about how he intends to use the National Wealth Fund to deliver on the government’s growth-first agenda.
Other areas which may be covered include the Government’s choice of priority sectors, the structure of the organisation and how it works with private enterprise to crowd in investment rather than crowd it out.