All the updated news related to national wealth fund

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Reeves pledges end of instability as she announces new National Wealth Fund

British economic instability has ended and the new Government is bringing investment and jobs back to Britain, the Chancellor has said. In a speech closing Monday’s International Investment Summit, Rachel Reeves told the world’s biggest businesses ...

14 Oct 2024 at 16:30

‘Landmark’ for UK lithium production as demo plant opens in Cornwall

A demonstration facility for producing lithium is opening in Cornwall in what backers say is a milestone in helping the UK’s transition to clean power. Cornish Lithium’s demonstration plant near St Austell is set to start producing lithium ...

18 Oct 2024 at 08:51

Reeves warns of ‘difficult decisions’ on tax ahead of Budget

Rachel Reeves warned her Budget on October 30 would be “tough” as she gave the clearest signal yet that businesses will face a hike in national insurance. The Chancellor stressed that Labour manifesto’s commitment not to increase national ...

14 Oct 2024 at 21:46

Chancellor launches National Wealth Fund to attract private investment boost

The Chancellor has revealed plans for a new national wealth fund designed to attract billions in private sector investment to support UK growth. The new Labour Government said it has allocated £7.3 billion in additional state funding to ...

10 Jul 2024 at 10:37

Chancellor tells National Wealth Fund to back ‘higher risk’ projects

Rachel Reeves has told the National Wealth Fund to take on higher risk projects as part of the Government’s efforts to improve economic growth. The Chancellor said she hopes the wealth fund, which was set up last year, will unlock £70 ...

19 Mar 2025 at 15:54

Scotland

National investment bank backs offshore wind farm

The Scottish National Investment Bank (SNIB) has made its first investment in an offshore wind farm, “sending a strong signal to the market”, according to the Deputy First Minister. The £50 million investment in the Pentland Floating ...

19 Nov 2025 at 00:01

National Wealth Fund to put £28m into carbon capture project

A Government-backed fund is pledging more than £28 million for a carbon capture project. Energy Secretary Ed Miliband has said that workers in “Britain’s manufacturing heartlands” will benefit from the investment in the Peak Cluster ...

07 Jul 2025 at 00:01

Labour powers ahead with plans to turn UK into ‘clean energy superpower’

Labour’s plans to turn the UK into a “clean energy superpower” have been set out in the King’s Speech, with Bills to fund and support the development of renewables. As the party promised before it won power, there will be a Bill to ...

17 Jul 2024 at 13:58

Labour not able to immediately ‘turn things around’ after election, Reeves warns

Rachel Reeves said she is “under no illusions” about the scale of the public spending challenge she will face if she becomes chancellor, as she declined to rule out real-term cuts to some departments. The shadow chancellor said ...

10 Mar 2024 at 13:00

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