The director of a northern think-tank has urged the Government to set up a ‘sovereign wealth fund’ to help use the North’s “unparalleled expertise” in nuclear power to lead the world in its transition to green energy. Ahead of the Budget, Tom Lees, said the UK has had a “longstanding lack of so-called ‘patient capital’ taking higher risk, higher return bets in truly transformational schemes, businesses and technologies” despite being a global financial centre since the 1980s. Last March Chancellor Rishi Sunak announced the creation of the UK Advanced Research Projects Agency with at least £800m of funding for advanced and pioneering science.
Yorkshire Post 2nd March 2021 read more »