Source · Select Committees · Treasury Committee
Recommendation 7
7
Outline collaboration among public financial institutions and re-examine merging British Business Bank and NWF.
Recommendation
The new NWF strategy must explicitly state how those public financial institutions will work together to ensure that businesses that are scaling up can seamlessly obtain support without gaps or duplication. The Treasury should re-examine the potential merits of merging the British Business Bank and the National Wealth Fund. The Treasury must also better publicise the Office for Investment to ensure that it works effectively as a one-stop advice shop for businesses. (Recommendation, Paragraph 42)
Government Response
A response document is linked to this report, dated 15 January 2026. Response attribution to this conclusion has not been verified. Read the response document ↗