Source · Select Committees · Treasury Committee

12th Report - National Wealth Fund

Treasury Committee HC 806 Published 28 October 2025

Report Status

Government responded

Conclusions & Recommendations

10 items (4 recs)

Source

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Government Response

AI assessment · 10 of 10 classified

Accepted 5

Accepted in Part 1

Deferred 3

Rejected 1

Recommendations

1 result

7 Accepted in Part

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 … Read more

Government Response Summary

The government strongly agrees public financial institutions must collaborate, citing the Public Investment Roundtable and a 'no wrong door' approach; it also commits to raising the Office for Investment's profile through marketing campaigns, but does not address re-examining a merger of the British Business Bank and National Wealth Fund.

HM Treasury

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