In a response published by the UK Parliament’s Treasury Committee, the UK Government confirmed that the National Wealth Fund (NWF) Strategy, due later this month, will incorporate all four key requirements set out by MPs in the Committee’s recent report. The Committee had asked the Strategy to set out the NWF’s performance metrics, including its risk appetite and intended use of financial instruments such as equity, alongside the process for evaluating the body and how it would respond if it was told it was “crowding out” private investment. The Financial Secretary to the Treasury, Lord Livermore, confirmed these recommendations will be reflected in the Government’s Strategy. The NWF is described as an HM Treasury-owned investment fund intended to drive UK economic growth by directing Government resources to finance activity that supports additional private investment, while operating wholly independently.
UK Parliament 2026-01-15
UK Parliament Treasury Committee publishes Government response committing to include four requirements in National Wealth Fund Strategy
The UK Government confirmed that the upcoming National Wealth Fund (NWF) Strategy will incorporate all key requirements from the Treasury Committee's report, including performance metrics, risk appetite, and evaluation processes. The NWF, owned by HM Treasury, aims to drive economic growth by financing activities that support private investment.