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Chancellor says government aims to attract billions of pounds of private cash for big infrastructure projectsUK politics live – latest updatesThe chancellor, Rachel Reeves, is launching a £7.3bn national wealth fund, as part of a drive by the newly elected Labour government to attract billions of pounds of private sector cash for big infrastructure projects across the UK.The NWF, which Reeves said would be established “in less than a week”, is designed to help projects such as ports, gigafactories, hydrogen and steel projects attract a mix of investment, aiming for roughly £3 of private funds for every £1 of taxpayer cash. Continue reading…
Chancellor says government aims to attract billions of pounds of private cash for big infrastructure projects
UK politics live – latest updates
The chancellor, Rachel Reeves, is launching a £7.3bn national wealth fund, as part of a drive by the newly elected Labour government to attract billions of pounds of private sector cash for big infrastructure projects across the UK.
The NWF, which Reeves said would be established “in less than a week”, is designed to help projects such as ports, gigafactories, hydrogen and steel projects attract a mix of investment, aiming for roughly £3 of private funds for every £1 of taxpayer cash.
