Published by Global Banking & Finance Review®
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
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Rachel Reeves introduces a local-centric strategy for the National Wealth Fund, aiming to enhance regional growth by empowering local leaders.
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)
The article discusses the UK's new local approach to the National Wealth Fund, focusing on regional economic growth.
British finance minister Rachel Reeves announced the new approach.
The goal is to work with local leaders to support investments that drive regional economic growth and create jobs.
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