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The Financial Secretary to the Treasury (Lord Livermore) (Lab)

Speaking in the House of Lords on 25 March 2025

Debate

Strategic Priorities Statement: Defence

Contribution

My Lords, consistent with the Government’s manifesto, the National Wealth Fund supports the growth and clean energy missions, prioritising investment in advanced manufacturing, digital technologies, clean energy and transport. Recognising the need to adapt to a rapidly changing world, the statement of strategic priorities set out that the National Wealth Fund will also invest in dual-use technologies which support the UK’s defence and security, and will support the wider industrial strategy, including in defence.

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