National Wealth Fund Taskforce

The National Wealth Fund, with its proposed £7.3bn of public capital, presents an opportunity to design a first of kind public-private partnership, that deploys catalytic capital to crowd private investment into priority net zero sectors.

The GFI is providing advice to the Labour Party on how to structure and implement its commitment to create a National Wealth Fund. Dr Rhian-Mari Thomas OBE, CEO of the GFI, is the chair of an independent taskforce that includes the CEOs of some of the UK’s leading financial institutions.

Governance structure

Incepted by: Shadow Chancellor of the Exchequer, the Rt Hon Rachel Reeves MP

Chair: Dr Rhian-Mari Thomas OBE

Secretariat provided by: The Green Finance Institute

Expert adviser on funding models and transition investing landscape: Mark Carney, Former Governor of the Bank of England


The Taskforce’s Terms of Reference.

“The lifeblood of economic growth is private sector investment which can create good jobs and spread productivity in every part of the country, and the National Wealth Fund will be a crucial tool in our armoury towards bringing about that growth.”

“I’m grateful to the members of the taskforce for supporting me with this important work.”

Rachel Reeves MP
Labour’s Shadow Chancellor

“The National Wealth Fund presents a unique opportunity to design a first-of-a-kind public-private partnership that deploys catalytic capital to crowd private investment into priority net zero sectors.”

“I look forward to chairing the taskforce and to delivering a blueprint which will outline pragmatic financial solutions and a clear implementation roadmap.”

Dr Rhian-Mari Thomas OBE
CEO of the Green Finance Institute and chair of the taskforce