economy United Kingdom
Groups urge expansion of the UK National Wealth Fund
3GBP per GBP
The National Wealth Fund seeks roughly ÂŁ3 of private investment for every ÂŁ1 of taxpayer funding.
Unions, environmental groups, thinktanks and charities called on the UK government to increase the National Wealth Fund’s financial capacity and give it greater independence to invest in infrastructure and industry.
1 sourceThe GuardianUpdated
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A coalition of unions, thinktanks, environmental groups and charities called on UK ministers to increase the National Wealth Fund’s financial capacity.
“have come together to call on ministers to boost the financial firepower of the national wealth fund”
The coalition called for the National Wealth Fund to become a national development bank capable of delivering investment in Britain.
“turning it into a “world-leading national development bank capable of delivering the investment Britain needs””
- 3GBP per GBP
The National Wealth Fund seeks roughly ÂŁ3 of private investment for every ÂŁ1 of taxpayer funding.
“roughly £3 of private funds sought for every £1 of taxpayer cash”