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The Progressive Policy Think Tank

Growing green: A proposal for a national investment fund

Achieving green growth is one of the most important economic opportunities of the 21st century and also among the greatest challenges.

If the UK gets this right it could deliver a boost in its long-term economic growth, creating new highly skilled jobs and helping to reduce regional inequalities. While other countries recognise the need for green investment and industrial policy, the UK government is sitting on the sidelines.

This report recognises that any successful implementation of a UK green industrial strategy will require a coordinated set of policy instruments, particularly those providing financing for investments in net zero economic activities. To that purpose, we propose the establishment of a national investment fund.