The National Wealth Fund (NWF) announced on LinkedIn it is launching a new, enhanced regional offer for local authorities to accelerate the development and delivery of key growth and clean-energy projects across the United Kingdom.
The Regional Project Accelerator will transform NWF’s support for local government, focusing its support and wider investment expertise on places and projects with the most potential to drive local growth.
NWF said it plans to prioritize longer-term and deeper strategic partnerships with high-growth Mayoral Strategic Authorities (MSAs) and city regions in the United Kingdom. The fund confirmed it already is supporting four MSAs through new strategic partnerships with agreements signed with Glasgow City Region, Greater Manchester Combined Authority, West Midlands Combined Authority and West Yorkshire Combined Authority.
The NWF also has announced £104 million ($139 million) in lending across three local projects to support Orkney Is
