Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much of the National Wealth Fund’s core capitalisation of £27.8bn has been invested in Scottish transportation and hubs.

The National Wealth Fund (NWF) proactively identifies investment opportunities across the UK to ensure the benefits of investment are felt nationwide. It has dedicated directors based in all devolved nations to support the NWF’s view of markets across the country, and works collaboratively with the Scottish National Investment Bank (SNIB) across a range of investments.

The NWF has invested £9 million in transportation and hubs across Scotland, including expected rollout locations of Gridserve, Osprey and Roam EV charging at the point of financial close.

The NWF has invested £287 million in digital and technologies in Scotland, including expected fibre rollouts and two DataVita data centres in Scotland’s AI Growth Zone.

The NWF has invested nearly £2.5 billion in clean energy in Scotland, across ports, power grids, battery storage, and wind investments. This includes a significant financial guarantee to support four major SSEN grid upgrade projects.

The NWF has invested £44 million in advanced manufacturing in Scotland, including a co-investment with the Scottish National Investment Bank into Pulpex sustainable packaging.