“We welcome the publication of the ‘Invest 2035’ Industrial Strategy Green Paper and the specific recognition for the vital role the insurance and long-term savings industry can provide in delivering economic growth.
“The National Wealth Fund is set to play a crucial role in crowding-in critical private sector investment into major UK infrastructure and this is a welcome next step along a promising path.
“Through our Investment Delivery Forum, we look forward to working with the NWF to help pension firms and insurers invest into a wider range of assets by using blended finance solutions, which mitigate the initial risk in new infrastructure that firms are unable to take due to regulatory rules. We’re committed to investing over £100bn in UK productive assets over the next decade and the modern industrial strategy and the NWF will both be pivotal to getting this investment flowing.”
Rebecca Lea
Manager, Investment & Climate, The ABI