National Wealth Fund instructed to focus on clean energy and defence

James Murray
clock • 6 min read
Rachel Reeves || HM Treasury
Image:

Rachel Reeves || HM Treasury

Treasury confirms National Wealth Fund’s economic capital limit is to be increased from £4.5bn to £7bn, as Kemi Badenoch's decision to oppose UK net zero target sparks fresh criticism

The government has today provided a new "strategic steer" to the National Wealth Fund, instructing the state-backed investment vehicle to prioritise projects that can accelerate clean energy development...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

James Murray
Author spotlight

James Murray

View profile
More from James Murray

Latest agricultural yield estimates point to 'worst harvest on record'

Vattenfall unveils plans for two new East Anglian onshore wind farms

More on Policy

'Moving into the mainstream': Record number of heat pump grants issued in August
Policy

'Moving into the mainstream': Record number of heat pump grants issued in August

Last month saw highest ever number of discount vouchers issued in a single month since the Boiler Upgrade Scheme began in 2022

Michael Holder
Michael Holder
clock 24 September 2026 • 4 min read
'Only the starting line': Germany commits to fossil fuel phase-out by 2045
Policy

'Only the starting line': Germany commits to fossil fuel phase-out by 2045

Europe's largest economy targets complete departure from oil, gas, and coal in new fossil fuel transition roadmap

Stuart Stone
Stuart Stone
clock 24 September 2026 • 5 min read
SFI 'fiasco' sparks calls for bigger nature-friendly farming budget amid huge demand
Policy

SFI 'fiasco' sparks calls for bigger nature-friendly farming budget amid huge demand

MPs and environmental campaigners call for overhaul of how Sustainable Farming Incentive funding is allocated, after thousands of farmers were left high and dry when allocation window abruptly closed this week

Rachael Brown and Michael Holder
clock 24 September 2026 • 9 min read