Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to p.99 of The UK’s Modern Industrial Strategy 2025, published on 23 June 2025, what strategic partnerships are being trialled by The National Wealth Fund in the West Midlands.

The National Wealth Fund (NWF) is trialling a Strategic Partnership with West Midlands – as well as Greater Manchester, West Yorkshire and Glasgow City Region – to provide enhanced, hands-on support to help it develop and finance long-term investment opportunities.

The Strategic Partnerships will offer a closer, enhanced relationship with a small number of places to test whether this approach is more effective at building investment pipelines. They are bespoke arrangements, tailored to unique local requirements. This will include specific support at the early stages of project development to address capability and capacity gaps.

Alongside these, the NWF continues to provide financial and commercial advice and financing to local authority projects across the UK.