Environmental Audit Committee
Latest Signals
15 Jul 2026Green transition risks leaving regions behindConcern
“[Speaker: Toby Radcliff] From our perspective, the green transition is already a regional success story. Green industries are active in hubs across various regions and are bringing economic benefits to areas outside of the capital and the south-east. That is a good story. When we look at the Treasury’s role in promoting that regional distribution, you can look to the mandate that the National Wealth Fund has. It has an obligation to target the investment that it makes in the regions of the UK. Because the Treasury has control of the capitalisation and mandate of the National Wealth Fund, it could tinker with that even further to direct funding into areas where it thinks funding is needed, and work more closely with metro mayors or local economic plans to promote local growth.”