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| Formerly | UK Infrastructure Bank (2020-2024) |
|---|---|
| Company type | Sovereign Wealth Fund |
| Industry | Financial services |
| Founded | June 2021 |
| Headquarters | Leeds, England, UK |
Area served | United Kingdom |
Key people | |
| AUM | £27.8 billion (October 2024) |
| Owner | Government of the United Kingdom |
| Website | uknwf |
The National Wealth Fund (NWF), formerly the UK Infrastructure Bank, is the sovereign wealth fund of the United Kingdom. The fund is publicly owned with its sole shareholder being the Treasury Solicitor in the capacity of HM Treasury. The goal of the fund is to invest alongside the private sector in projects within the United Kingdom. The bank has a total capitalisation of £27.8 billion. The fund is a "strategic" sovereign wealth fund, targetting non-financial objectives such as development goals.[1] However, the fund's classification as a sovereign wealth fund is contentious.[2][3][4][5]
- ^ Nangle, Toby (2024-09-10). "Britain is building a new sovereign wealth fund — what can it learn from the others?". Financial Times. Retrieved 2024-10-27.
- ^ "Does Britain need a National Wealth Fund?". The Economist. 2024-07-14. Archived from the original on 2024-07-14. Retrieved 2024-10-27.
- ^ Worstall, Tim (2024-07-10). "Why the National Wealth Fund won't pay off". CapX. Retrieved 2024-10-27.
- ^ Pratley, Nils (2024-06-19). "Advice to Rachel Reeves: rename the national wealth fund". The Guardian. ISSN 0261-3077. Retrieved 2024-10-27.
- ^ Lim, Guanie; Li, Chen; Aweke, Wellington N. K. (2024-09-01). "The UK's New Sovereign Wealth Fund: Some Preliminary Observations". GRIPS Discussion Papers.