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    Home > Finance > UK's Reeves sets new, local approach for National Wealth Fund
    Finance

    UK's Reeves sets new, local approach for National Wealth Fund

    Published by Global Banking and Finance Review

    Posted on January 24, 2025

    1 min read

    Last updated: January 27, 2026

    British finance minister Rachel Reeves unveils a new local investment strategy for the National Wealth Fund, aimed at driving regional economic growth and job creation.
    Rachel Reeves discussing the UK's National Wealth Fund strategy - Global Banking & Finance Review
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    Quick Summary

    Rachel Reeves introduces a local-centric strategy for the National Wealth Fund, aiming to enhance regional growth by empowering local leaders.

    Reeves Unveils Local Strategy for UK's National Wealth Fund

    LONDON (Reuters) - British finance minister Rachel Reeves on Friday announced a new approach for the National Wealth Fund and the Office for Investment, aiming to work with local leaders to support new investment that will drive regional economic growth.

    "Those with local knowledge and skin in the game are best placed to know what their area needs, and our transformative reforms will put local leaders at the centre of a network that will connect them with investment opportunities, bringing wealth and jobs to their communities," Reeves said in a statement.

    (Reporting by Catarina Demony, writing by Sachin Ravikumar)

    Key Takeaways

    • •Rachel Reeves announces a new approach for the National Wealth Fund.
    • •Focus on working with local leaders for investment opportunities.
    • •Aim to drive regional economic growth and create jobs.
    • •Local leaders to be central in connecting with investments.
    • •Transformative reforms to boost community wealth.

    Frequently Asked Questions about UK's Reeves sets new, local approach for National Wealth Fund

    1What is the main topic?

    The article discusses the UK's new local approach to the National Wealth Fund, focusing on regional economic growth.

    2Who announced the new approach?

    British finance minister Rachel Reeves announced the new approach.

    3What is the goal of the new strategy?

    The goal is to work with local leaders to support investments that drive regional economic growth and create jobs.

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