The new British Government has announced the creation of a £7.3 billion National Wealth Fund (NWF) to help drive the UK’s shift towards a low-carbon economy by attracting private investment. The NWF will provide funding to British companies, reflecting a growing trend of active industrial policy in Europe.

For Italy, the NWF is an interesting foreign policy initiative as it may share similarities with Italy’s recently announced Fondo Nazionale del Made in Italy (FNMI). While the NWF is still in the design phase, the recommendations by the NWF taskforce offer valuable insights for Italy as it prepares to launch its own Fund this year.

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