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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

UK urged to strengthen financial muscle of national wealth fund to aid economy

Construction vehicles move earth at road-widening site in England as traffic goes by
The NWF was launched in 2024 to attract billions of pounds of private sector money for large infrastructure projects. Photograph: Modern Architecture and Construction/Paul White/Alamy

Unions, thinktanks, environmental groups and charities have come together to call on ministers to boost the financial firepower of the national wealth fund to empower it to invest more in Britain and rebalance the country’s economy.

Lower energy bills, the revitalisation of the UK’s industrial heartlands and the provision of more high-quality jobs could all be unlocked by scaling up the NWF, according to a statement from organisations including the TUC, Greenpeace, WWF and the New Economics Foundation.

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