The outgoing Chief Executive Officer of the National Wealth Fund
and the Minister responsible for overseeing the policy area will
give evidence to the Treasury Select Committee next Tuesday
morning.
The session will be split into two parts. First, current CEO John
Flint will appear from 9:15 am. This will be followed by a
separate discussion with the Financial Secretary to the Treasury,
.
The NWF is able to deploy £27.8 billion to drive private
investment in areas that align with the Chancellor's priority
sectors: clean energy, advanced manufacturing, digital
technologies and transport.
When questioning Mr Flint, MPs may probe the witness on how the
organisation has transformed under a new government, given he was
also the CEO during its previous incarnation as the UK
Infrastructure Bank.
As well as being the Financial Secretary to the Treasury, the
Government has also named the Minister for Growth.
Members of the Committee may therefore choose to quiz the
minister about how he intends to use the National Wealth Fund to
deliver on the government's growth-first agenda.
Other areas which may be covered include the Government's choice
of priority sectors, the structure of the organisation and how it
works with private enterprise to crowd in investment rather than
crowd it out.
Witnesses from 9:15:
· John Flint, CEO, National
Wealth Fund
From approx. 10.15:
· , Financial Secretary to the
Treasury
