The NWF aims to attract private sector cash for infrastructure projects in the UK at a ratio of 3:1 private funds to taxpayer cash, managed by the UK Infrastructure Bank and revamped British Business Bank.
Labour's chancellor Reeves stated the fund will act as a concierge service for investors, leveraging a taskforce including top City figures like Aviva and Barclays CEOs to spearhead the initiative.
#uk-government #national-wealth-fund #private-sector-investment #infrastructure-projects #uk-infrastructure-bank
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