The Chancellor’s Letter to the National Wealth Fund
What was announced
The Chancellor has written to the National Wealth Fund (NWF) to set out where the NWF should sharpen its focus in support of the Government’s priorities.
Key points, in the publisher's words
- The Chancellor has written to Oliver Holbourn, CEO of the NWF, setting out where the NWF should sharpen its focus in support of the government’s priorities, building on its current Statement of Strategic Priorities and Strategic Plan.
- The NWF has been provided with an additional £15.4 billion of capital, ensuring it can continue investing at scale in the UK’s future. The NWF’s expertise and capabilities will also be utilised to host the delivery of the new Energy Wealth Fund.
- The letter asks the NWF to increase its focus on strengthening Britain’s security and strategic capabilities, delivering good growth in every postcode, and supporting a new industrial age for the UK.
Figures in this announcement
Each line is quoted from the original. Figures are as the publisher stated them on the day.
- “The NWF has been provided with an additional £15.4 billion of capital, ensuring it can continue investing at scale in the UK’s future.”
Who and where
People
- John Healey (MP for Rawmarsh and Conisbrough (Labour)) · more news
UK bodies of power
- HM Treasury (UK government department) · more news
- National Wealth Fund (executive non-departmental public body) · more news
Constituencies of the MPs named: Rawmarsh And Conisbrough.
Where this sits in the 10 levels of power
Topics, as GOV.UK files them: Government.
Receipt
- Original: https://www.gov.uk/government/publications/the-chancellors-letter-to-the-national-wealth-fund
- Published 2026-10-28 13:30:44 UTC
- Read by this site 2026-10-28 13:45:26 UTC from GOV.UK
- Saved copy: receipt 3735, with its SHA-256 fingerprint
Contains public sector information licensed under the Open Government Licence v3.0.
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