Written Question·Treasury·UIN 2745

National Wealth Fund: Devolution

Tabled: 30 August 2024

Answered: 5 September 2024

Question

Pete Wishart

Scottish National Party — Perth and Kinross-shire

To ask the Chancellor of the Exchequer, what steps her Department plans to take to determine how the National Wealth Fund will be spent; and whether she plans to hold discussions with the devolved Administrations on such decisions.

Answer

Tulip Siddiq

The National Wealth Fund will improve our ability to mobilise private capital in the UK’s most important sectors and assets, supporting thousands of jobs across the country, and playing a central role in our industrial strategy. And it will generate a ret...

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