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The National Wealth Fund (NWF) has announced a $137bn investment strategy aimed at boosting the UK economy, supporting clean energy projects, and strengthening strategic industries. The plan spans multiple sectors over the next five years, combining industrial growth, infrastructure development, and regional investment.

While clean energy initiatives are a prominent part of the strategy—including battery manufacturing, hydrogen, nuclear, energy storage, carbon capture, and power grid upgrades—the fund also targets broader priorities such as defence, critical minerals, AI, green steel, transport infrastructure, ports, and regional regeneration.

The fund has identified ten catalytic sectors for major investment, with a planned allocation of  $7.4bn over five years, contingent on opportunities and policy support. An additional 15 sectors, including semiconductors, quantum technologies, offshore wind, AI, and sustainable aviation fuels, are being explored to attract private capital and address market gaps.

Oliver Holbourn, CEO of NWF, said: “This is an exciting new chapter as we look to unlock the UK’s future. We will fully deploy our capital over the next five years to accelerate growth, support clean energy, transform communities, and strengthen national resilience.”

So far, one-third of the fund’s capital has been committed, mobilising more than £17bn in private investment and supporting over 70,000 jobs. The NWF has also invested more than $800m in Scottish Power, a subsidiary of Iberdrola, to support the UK’s power grid upgrade.

The strategy reflects a holistic approach to growth, balancing economic, environmental, and strategic priorities across the UK.

Source: finance.yahoo.com