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Home » News » UK Infrastructure Bank to Become National Wealth Fund to Support Industrial Strategy
News

UK Infrastructure Bank to Become National Wealth Fund to Support Industrial Strategy

By Eddie GriffithOctober 15, 20242 Mins Read
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Rachel Reeves. (Credit: World Economic Forum/Flickr)
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The UK Infrastructure Bank (UKIB) will transition into the National Wealth Fund (NWF), expanding its role to support the government’s industrial strategy, Chancellor Rachel Reeves announced at the International Investment Summit in London. The NWF will be capitalized with £27.8 billion, aimed at catalyzing private investment and stimulating growth in critical sectors. The NWF will

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