Our strategy
Our mission is to invest in capital-intensive infrastructure, supply chains and businesses across the UK, driving more than £100 billion of finance to unlock long-term economic growth and accelerate the transition to clean energy.
Unlocking the UK’s Future: our Five-Year Strategic Plan to 2030/31
We have published our long-term strategic plan setting out the ambition and direction of the National Wealth fund.
We are a policy bank, bringing together the strengths of both the public and private sectors to unlock the UK’s future. We have £27.8 billion of core capitalisation to deploy in pursuit of our triple bottom line: supporting government’s growth and clean energy missions, crowding in significant private capital over time and generating a return for the taxpayer.
We have selected 25 sectors and their value chains which are important to the UK’s long-term growth and clean energy ambitions, and where we will actively pursue opportunities for private investments and support for regionally significant projects.
The following ten sectors are where we expect to have the deepest role.
These are where we see the most substantive and catalytic opportunities to support sectors to develop at pace and scale, working alongside our partners in the public sector.
Alongside debt and guarantee financing, they will primarily be where we explore opportunities for our equity investments, to maximise market impact, especially in less mature sectors:
- Ports*
- Carbon capture, usage and storage*
- Hydrogen*
- Battery manufacturing and electric vehicle supply chain*
- Green steel*
- Power grid
- Energy storage
- Nuclear
- Transport infrastructure
- Place based regeneration
* In these sectors, we will aim to commit £5.8 billion collectively over this strategy period, subject to investable propositions and progress on supporting policy.
We will also target the highest growth, innovative projects and businesses.
We will do this by deploying debt, guarantees and – as capacity allows – equity in the following sectors:
- Artificial intelligence
- Semiconductors
- Quantum technologies
- Defence
- Advanced materials
- Life sciences
- Critical minerals
- Aerospace supply chain
- Sustainable aviation fuels
We will help accelerate the delivery of core infrastructure.
We will do this by deploying debt and guarantees in the following sectors, alongside our Regional Project Accelerator offer:
- Water
- Offshore wind
- Retrofit
- Solar
- Heat networks
- Electric vehicle charging
Sectors and markets are dynamic and will evolve substantially. Over the next five years, we will periodically update on our outlook – including market conditions and the policy landscape – on our website and in sector publications.
Through our investment and activity in these sectors, we will target three strategic ambitions:
1. Unlocking growth opportunities on the clean energy pathway – accelerating investment into the foundations of the UK’s clean energy system, building UK presence in emerging clean energy industries and enabling decarbonisation which has the potential to lower bills for households and businesses.
2. Accelerating place-based investment across the four nations of UK – providing bespoke project development and investment support to regionally significant projects, investing in enabling infrastructure to support regional growth and improving dissemination of commercial and financing expertise across local government.
3. Strengthening sovereign and strategic capabilities – investing in growth opportunities underpinning the UK’s national security, enabling UK leadership in industries of the future and backing domestic supply chains for growth and resilience.