Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what individual investments have been made by the National Wealth Fund since July 2024; and how many jobs each investment is expected to support.

The National Wealth Fund and its predecessor the UK Infrastructure Bank have announced 19 deals since July 2024, committing nearly £3bn, and estimate creating or supporting over 12,400 jobs. The National Wealth Fund sets out details of the investments which it makes, including estimate jobs created, on its website at https://www.nationalwealthfund.org.uk/.

The following list provides the project client, the amount committed by the National Wealth Fund and the estimated number of jobs created or supported by those commitments at the time of their announcement.

• Scottish Power/Iberdrola - £600m - 57 jobs
• AESC - £272m - 176 jobs
• NatWest plc - £400m - 2,207 jobs
• The Housing Finance Corp Ltd - £150m - 1,226 jobs
• Solihull Metropolitan Borough Council - £10m - 3 jobs
• Pulpex - £42m - 29 jobs
• Cornish Metals - £29m - 35 jobs
• Connected Kerb - £55m – 48 jobs
• Denbighshire County Council - £92m - 76 jobs
• Netomnia - £25m - 61 jobs
• Lloyds Social Housing - £400m - 3,489 jobs
• Barclays - £350m - 3,053 jobs
• XLCC Ltd - £20m - 10 jobs
• Fibrus - £55m - 129 jobs
• Ceredigion County Council - £25m - 20 jobs
• West Suffolk Council - £17m - 54 jobs
• Quickline - £225m - 121 jobs
• Wildanet - £35m – 171 jobs
• Hyperoptic - £150m - 1,445 jobs