B

Baroness Blackwood of North Oxford (Con)

Speaking in the House of Lords on 25 March 2025

Debate

Strategic Priorities Statement: Defence

Contribution

My Lords, for the National Wealth Fund to crowd in capital at the scale envisaged, it must be empowered to deploy capital against higher levels of risk appetite and against a wide range of products and financial investments. Moreover, it will need to operate at market pace. Whatever the strengths of the Treasury, historically it has not been renowned for its risk appetite or pace. What steps does the Treasury intend to take to ensure that the National Wealth Fund is empowered to act, not only with the appropriate risk appetite but with the necessary pace, to attract private sector investment?

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