Chancellor launches National Wealth Fund to attract private investment

Chancellor launches National Wealth Fund to attract private investment

Chancellor launches National Wealth Fund to attract private investment The proposals include reforms to the state-owned British Business Bank. The Chancellor has revealed plans for a new national wealth fund designed to attract billions in private sector investment to support UK growth. The new Labour Government said it has allocated £7.3 billion in additional state funding to support the investment plan. It is looking to secure roughly triple this in private investment, from the likes of pension funds, to help …