"This new Government is getting on with the job of delivering economic growth. I have been clear that there is no time to waste. I have previously committed to establishing a National Wealth Fund. I am now going further by bringing together key institutions. We need to go further and faster if we are to fix the foundations of our economy to rebuild Britain and make every part of our country better off. That is why in less than a week we are establishing a new National Wealth Fund and bringing together the key institutions that will help unlock investment in new and growing industries. Britain is open for business – and the work of change has begun."

"Our Mission to make Britain a clean energy superpower is about investing in Britain. Our National Wealth Fund will help create thousands of jobs in the clean energy industries of the future to boost our energy independence and tackle climate change. We’re acting immediately, wasting no time and working in lock-step with industry to unleash private investment and grow our economy."

“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.”

“This new government has rightly identified infrastructure investment as a core enabler of building high value, low carbon, competitive industries. The smart use of public investment via the National Wealth Fund can kick start economic growth and crowd in private capital to vital sectors including ports, heavy industry and manufacturing.”

“Barclays is a committed partner to the new government’s aspiration to raise economic growth in the UK. Crucial to realising this ambition is increasing business investment - both within our domestic economy, as evidenced by our own £30bn investment into the UK, and by mobilising inward investment to come to Britain. The recommendations of the National Wealth Fund Taskforce, of which I have been a member, set out some important ways in which this can be done. In particular, I welcome the ambition to review and potentially simplify the existing economic development institutions, with the aim of making it easier for our corporate and business clients to access the partnership finance that is often needed to get infrastructure and other net zero projects off the ground.”

“The National Wealth Fund can be a critical enabler of growth across the UK economy and an accelerator in deploying capital into sustainable businesses and projects. As private investors we welcome this announcement by the Chancellor and look forward to supporting this initiative to encourage public and private capital to work together.”

“Building a green economy requires a step-change in coordination between the government and investors, so that the policy & regulatory environment is truly enabling for long-term investors. The NWF comes at a crucial moment in the political cycle to help set that course.”

“The NWF will play an important role in driving economic growth through attracting private capital, creating green jobs and supporting the UK’s transition to a low carbon economy. We have welcomed the opportunity to be part of the initial taskforce working with the Labour party. The Equitix team look forward to working with Ministers and government departments to help deliver the NWF and accelerating broader investment into UK infrastructure.”

“The UK has led the way globally in reducing its carbon emissions in recent decades, but the next stage of the transition will require significant public and private investment. This is a major challenge and collaboration across not just the financing but also policy space is critical to deliver it in a way that supports economic growth across the UK. The National Wealth Fund has the potential to accelerate the transition and address some of the fundamental barriers that have existed to date. As the UK’s leading bank for business and the largest infrastructure lender, we will continue to support the government in the development of the National Wealth Fund, and ensure it delivers on its objectives to drive the green economy whilst also supporting communities, businesses and industry across the regions and nations of the UK.”

“At Aviva we are backing the UK and stand ready to invest even more to help boost growth, create jobs and deliver net zero. We need closer working between government and business to make that happen. Today’s announcement of the establishment of a new National Wealth Fund is a significant step in the right direction. We now must work at pace to turn these good ideas into investable projects which can make a difference.”

"L&G are delighted to have contributed to the National Wealth Fund Taskforce, building on our track record of investing to help build a cleaner, greener and growing economy. We welcome the ambition of the Government to encourage further institutional investment into UK assets, and mobilise more private capital towards the energy transition, and look forward to engaging with the next steps set out in the Report."

"The National Wealth Fund will help the UK keep pace internationally with a growing list of countries using innovative public funding tools to attract significant private capital required to accelerate decarbonisation technologies and grow their economies."