Shape the Future with the National Wealth Fund
At the National Wealth Fund, our mission is to swiftly and effectively mobilise trusted sector insights and investment expertise to unlock billions in private finance for projects across the United Kingdom. Providing £27.8bn of capital and an expanded mandate, we are ready to help the market invest with confidence, continue to drive forward the Government's growth ambitions.
We are looking for skilled and results oriented individuals who are motivated to help us build the National Wealth Fund into an industry-leading institution.
Job Purpose
Location: Hybrid working with 2 days per week in the Leeds office.
Duration: Paternity Cover Feb 2026 to Oct 2026
Deadline to Apply: 30th November 2025. Early submission is encouraged, and applications will be reviewed on an ongoing basis.
Salary: Individuals would join the National Wealth Fund on a secondment remaining on their current terms and conditions.
As a Policy Advisor, you will play a crucial role in shaping the strategic direction of the NWF as well as working across the fund to deploy our capital base, as we continue to develop and evolve and deliver on the ambitions of our shareholder HM Treasury.
You will lead aspects of our Steel and Critical Minerals sectoral policy work, as the National Wealth Fund builds a broader investment mandate to support the delivery of the government’s Industrial Strategy, clean energy transition and drive economic growth around the country. You will own relationships with specific parts of government departments and key stakeholders to understand government policy in particular sectors, shape the NWF’s overall strategic direction and its activity, and work alongside deal teams to support our investment pipeline including leading on policy due diligence on individual transactions.
Key Accountabilities:
- Build and maintain strong relationships with key public sector stakeholders (including government departments and devolved administrations), to understand and influence policy developments, to ensure NWF activity is effectively delivering government policy aims, and to support the most effective use of public funds to mobilise private investment.
- Lead on developing and implementing aspects of the National Wealth Fund’s new investment mandate and new approach to mobilising private finance, such as by trialling new finance solutions with government departments.
- Work collaboratively with teams across the organisation, external stakeholders and government departments to develop and deliver a programme of investments in discrete sectors in support of the Government’s Industrial Strategy, clean energy and growth missions.
- Lead work on discrete cross-cutting policy issues as required, producing policy papers on emerging thinking and trends to support decision making by the NWF’s Executive Committee and Board. Spot key issues, risks and opportunities relevant to these policy areas and work with other functions across the organisation to identify and recommend ways forward.
Leading on elements of the NWF’s overall strategy development and implementation, including elements of the next strategic plan, annual business planning, working closely with functions across the organisation, the Executive Committee and Board to ensure an appropriate and stretching plan for the upcoming year.
Lead on the appraisal of individual investment proposals against our strategic objectives and supporting due diligence processes on transactions, as required. This includes working in cross-function deal teams with banking, impact and risk colleagues, drafting and contributing to Investment Committee papers and supporting senior colleagues through written and verbal briefings to ensure alignment with the Bank’s strategic objectives.
Support wider work to establish an effective policy and strategy function which is well integrated and influential across the NWF.
Policy Specific:
Steel
Proactively engage the UK steel sector, covering primary producers as well as scrap or raw material providers, downstream users of steel and innovative firms looking to bring new products to the market.
Work closely with DBT, DEFRA, HMT and other Gov. Departments to monitor HMG Policy on steel, liaising closely with Impact and Strategy teams
Work with banking and investment teams to assess investment opportunities and develop financing solutions for major HMG projects in the sector
Work closely with HMG to stay abreast of developments related to UK Government owned/managed assets
Work on existing investment projects to ensure financing for steel as part of NWF’s £5.8bn in commitments is deployed across this Parliament.
Collaborate with the Department of Business and Trade, Scottish Government, Scottish National Investment Bank and Scottish Enterprise (amongst others).
Critical Minerals
- Policy lead for critical minerals including working across Whitehall
- Coordinate with HMG to ensure that Ministerial priorities are understood
- Act as deal lead on projects the bank is investing in and work with banking and investment teams to scope new opportunities, including in areas such as synthetic materials.
- Building out a network of stakeholders across the critical minerals industry.
A career with us offers a unique opportunity to make a lasting impact and work on cutting-edge technologies that will drive the UK’s future. We value diversity in our people and inclusion is at the heart of what we do.
We offer competitive benefits and unique learning opportunities from combining both private and public sector skills and experience. Please note, referencing and background checks are carried out for all roles here at the National Wealth Fund.