Source · Select Committees · Treasury Committee
Recommendation 1
1
Accepted
NWF requires significant risk appetite to create new markets and boost economic growth.
Conclusion
The NWF making an overall positive rate of return is key to its success and sustainability. To achieve its objectives of boosting economic growth and clean energy, however, the NWF must have the risk appetite to invest in projects that the private sector regards as too risky. Risk appetite is also required for the NWF to be catalytic, because the NWF must create new markets in, for example, hydrogen both to make a real difference to economic growth in the UK and to enable the UK to meet its targets to help tackle climate change. (Conclusion, Paragraph 24)
Government response summary AI-generated
The government agrees and will publish the NWF's new Strategic Plan in January 2026, which will detail its performance metrics, risk appetite, use of financial instruments, and evaluation processes as recommended.
Government Response
The government responded to this report on 15 January 2026. No passage in that response could be matched to this conclusion. Read the response document ↗