Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to her letter to the CEO of the National Wealth Fund entitled Statement of Strategic Priorities to the National Wealth Fund, dated 19 March 2025, whether additional risk management employees will be hired as the National Wealth Fund takes on greater risk.

As the National Wealth Fund delivers on its wider remit with an increased risk appetite, and its portfolio of investments grows, it will require more resources and expertise to manage the increasing number of projects effectively. The risk function is one of several front office teams that will need to expand to deliver on these objectives.