Treasury on the hunt for new National Wealth Fund boss March 19, 2025 The Treasury announced on Wednesday that it had begun searching for a new chief executive to lead the recently established National Wealth Fund. The policy bank’s current boss John Flint will exit the role this summer after overseeing the institution’s rebrand from the UK Infrastructure Bank (UKIB). Flint, who is a former HSBC group chief [...]
Rachel Reeves to unveil £65m investment in EV charging firm January 29, 2025 Chancellor Rachel Reeves will unveil a £65m investment into an electric car charging company as part of a much-anticipated growth speech on Wednesday. City AM understands the new National Wealth Fund (NWF) will take an equity stake in Connected Kerb alongside Aviva Investors, the global asset management branch of Aviva Group. The NWF will commit [...]
Rachel Reeves needs to channel Alexander the Great, says City group November 21, 2024 The Association of British Insurers called on Rachel Reeves to break the “regulatory Gordian knot” last night – Hannah Gurga told City AM why the group is calling for faster reform. According to ancient Greek legend, he who untied the Gordian knot was destined to rule over the whole of Asia. Unravelling the stubborn splice [...]
How to make the national wealth fund work September 30, 2024 The national wealth fund must do more than just plug funding holes, through targeted and successive interventions it can help a project to reach a growing number of investors and momentum until finally it is no longer needed, says Zvi Wohlgemuth So far, many investors and equity and debt providers to energy transition projects in [...]
Rachel Reeves could shuffle fiscal rules to invest £50bn in UK economy September 27, 2024 Rachel Reeves is hoping to make more than £50bn available to invest in the UK at next month’s budget by changing how the government measures debt in the fiscal rules. Senior government sources have told The Times that Reeves has asked officials to draw up options for allowing the government to offset assets against national [...]
Ditch ‘short-sighted’ share tax and lean on City to back National Wealth Fund, Reeves told September 9, 2024 The Chancellor should axe the “short-sighted” tax on share trading and “sponsor” a set of listed investment vehicles in order to unlock funding for the government’s investment plans, a body of investors has said today. In a call to the chancellor, the Association of Investment Companies (AIC), which represents listed investment trusts in the UK, [...]
Chancellor to launch £7.3bn national wealth fund to ‘unlock investment’ July 9, 2024 Chancellor Rachel Reeves will launch a national wealth fund with £7.3bn of state funding to “unlock investment” in UK growth industries.
National Wealth Fund will help create 650,000 jobs over five years, Reeves says June 17, 2024 Earlier this year the Shadow Chancellor announced the creation of a taskforce of experts to provide advice on crowding in private sector investment.