Written Question·Treasury·UIN 59666

National Wealth Fund: Ports

Tabled: 12 June 2025

Answered: 17 June 2025

Named Day

Question

Seamus Logan

Scottish National Party — Aberdeenshire North and Moray East

To ask the Chancellor of the Exchequer, if the National Wealth Fund will deliver £1.8 billion in ring-fenced funding for UK ports; and how much will be allocated to ports in (a) Peterhead and (b) Fraserburgh.

Answer

James Murray

The National Wealth Fund will commit at least £5.8 billion over this Parliament to green hydrogen, carbon capture, ports, gigafactories and green steel sub-sectors. The National Wealth Fund’s Strategic Plan will set out where and how the NWF can deploy it...

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