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National Wealth Fund to unlock £100bn of investment by 2030
['Thomas Johnson', 'Colin Marrs']
Construction News
The National Wealth Fund (NWF) has set out a five-year plan aimed at mobilising more than £100bn of investment into UK infrastructure, industry and supply chains by 2030/31.
Under the new plan, the remaining £19.4bn will be invested by 2030/31, alongside private finance to reach the £100bn target.
These are: ports and supply chains, carbon capture, hydrogen, battery manufacturing, electric vehicles, steel, energy storage, the power grid, nuclear, and transport infrastructure.
Forecasts suggest the UK’s clean energy workforce could nearly double by 2030.
For battery storage and long-duration energy storage, the fund will offer finance to fill market gaps, with equity only in exceptional cases.