The National Wealth Fund (NWF) has released its inaugural Impact Report, titled "Financing growth, powering change," detailing its significant contributions to the UK’s economic and environmental landscape. The report highlights that the NWF’s investments are projected to create or support over 64,000 jobs across the UK, with 21,900 directly linked to its financing efforts. Since its establishment, the NWF has committed £7.5 billion (US$10 billion) across 62 projects, with £3.6 billion (US$4.8 billion) deployed in the past year alone through 22 new investments. These initiatives span diverse sectors, including clean energy, broadband infrastructure, electric vehicle charging, and emerging technologies like battery storage, semiconductors, and hydrogen aviation. Notably, £3.9 billion has been invested in clean energy, adding 6.3GW of capacity to power 4.5 million homes, while £1.7 billion has enhanced fibre broadband access for over 20 million homes, particularly in underserved areas. The NWF has also mobilized £16.2 billion in private investment, de-risking nascent markets and fostering growth in critical sectors. Additionally, the Fund supports local authorities and strategic projects, such as financing for Sizewell C and retrofitting 280,000 social homes. With an expanded mandate and new leadership starting November 2025, the NWF aims to further scale its impact, driving long-term growth and the UK’s transition to net zero through strategic partnerships and innovative financing.