Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of allowing the National Wealth Fund to issue independent debt instruments.

The National Wealth Fund (NWF) currently has £27.8bn of financial capacity and is focused on deploying this existing capitalisation.

There are no current plans to allow the National Wealth Fund to issue independent debt instruments. Once the NWF exhausts its existing financial capacity, HM Treasury will assess the most value-for-money approach for further capitalising the NWF.