Written question asked by Ben Obese-Jecty (Conservative) on Friday, 10 October 2025, in the House of Commons. It was due for an answer on Tuesday, 14 October 2025. It was answered by Lucy Rigby (Labour) on Monday, 20 October 2025 on behalf of the Treasury.
National Wealth Fund
- Question
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To ask the Chancellor of the Exchequer, with reference to page 42 of the Defence Industrial Strategy: Making Defence an Engine for Growth, published on 8 September 2025, CP 1388, what legislative proposals she plans to bring forward to enable the expansion of the National Wealth Fund’s investment scope to (a) capital-intensive projects, (b) businesses and (c) assets.
- Answer
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The government will bring forward primary legislation, when parliamentary time allows, to expand the NWF’s mandate beyond infrastructure, enabling it to invest into a wider range of capital-intensive projects, businesses and assets that support growth.
Until then, the National Wealth Fund will continue to invest to support the delivery of the wider Industrial Strategy, including in defense. Its priority sectors, such as advanced manufacturing or digital and technology, have significant synergies with the defense sector.
Secondary information
- Type
- Written question
- Reference
- 79739
- Session
- 2024-26
- Related items
-
Defence Industrial Strategy: Making Defence an Engine for Growth
Monday, 8 September 2025
Command papers
House of Commons
House of Lords
- Subjects
- National Wealth Fund
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-10-20 16:04:39 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/79739
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