PARLIAMENTARY WRITTEN QUESTION
(5 December 2024)
Question Asked
To ask the Chancellor of the Exchequer, how the National Wealth Fund will support developing port capacity.
Asked by:
Tracy Gilbert (Labour)
Asked by:
Tracy Gilbert (Labour)
Answer
The National Wealth Fund (NWF) will create a step change in our ability to mobilise private capital in the UK’s most important sectors and assets. At least £5.8 billion of the NWF’s additional capital will focus on the five sectors announced in the manifesto: green hydrogen, carbon capture, ports, gigafactories and green steel and will be committed over this Parliament.
The NWF is actively engaging across a number of opportunities where financing support for ports could have a catalytic effect on the floating offshore wind market.
Answered by:
()
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.