UK government to use National Wealth Fund to support 130,000 jobs by 2030

  • UK government will use the National Wealth Fund to support 130,000 jobs by 2030.
  • Rolls-Royce will invest £300 million across four UK manufacturing and engineering locations.
  • Apprenticeship brokerage will expand to all 14 existing Mayoral Strategic Authorities from spring 2027.

The UK government will use the National Wealth Fund’s current capitalisation to create and support a further 130,000 jobs across the country by 2030, including in AI and technology, defence and clean energy. The package also includes Rolls-Royce’s £300 million investment in manufacturing and engineering facilities in Derby, Bristol, Inchinnan and Rotherham, alongside expanded local apprenticeship brokerage and the restoration of England’s Union Learning Fund. Rolls-Royce will spend more than £140 million in Derby, over £90 million in Bristol, £43 million in Inchinnan and £19 million at Rotherham’s Advanced Blade Casting Facility, where turbine-blade output is intended to double by 2030. Apprenticeship brokerage funding of £100 million over two years will extend services to all 14 existing Mayoral Strategic Authorities with directly elected mayors from spring 2027. The Union Learning Fund will receive £15 million a year to help workers gain English, maths, digital and industry-specific skills, including training related to AI, with support available regardless of union membership.

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