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Written question asked by Gareth Davies (Conservative) on Monday, 27 January 2025, in the House of Commons. It was due for an answer on Monday, 3 February 2025 (named day). It was answered by Darren Jones (Labour) on Monday, 3 February 2025 on behalf of the Treasury.


National Wealth Fund: Staff

Question

To ask the Chancellor of the Exchequer, if she will make an estimate of the number of staff within the National Wealth Fund that did not previously work for the UK Infrastructure Bank.

Answer

The Chancellor announced at the International Investment Summit on 14th October 2024 that the UK Infrastructure Bank would be transformed into the National Wealth Fund (NWF), This change took effect on that day. All UKIB staff were retained as part of the NWF.

To realise its ambition to catalyse more private investment and accelerate investable projects coming to market across the UK, the NWF will be expanding its team based at its headquarters in Leeds.

The number of roles at the NWF will be published in the “Staff Report” within the NWF’s Annual Report of Accounts, published following the end of this financial year.


Secondary information

Type
Written question
Reference
26513
Session
2024-26
Grouped for answer
Yes
Subjects
Staff National Wealth Fund UK Infrastructure Bank
Contains statistics
Yes
Link
View this Written question on www.parliament.uk