One of Labour’s most radical manifesto pledges is the plan to create a national wealth fund. To help drive the green transition and create 600,000 green jobs, the fund aims to raise £3 of private investment for every £1 of government money put in.
The party, however, has dramatically scaled back the public money it plans to put into the fund to £1.5 billion a year, as well as an additional £1.7 billion to fund Great British Energy, a government-owned entity to accelerate the development of green energy.
