Labour's growth strategy includes the establishment of a National Wealth Fund (NWF) to support clean energy missions and transformative investments across the UK. Unlike traditional Sovereign Wealth Funds, the NWF is more akin to a Green Investment Bank, focusing on infrastructure projects essential for achieving net-zero goals. The Fund aims to invest in strategic sectors like green hydrogen, steel, industrial decarbonisation, gigafactories, and ports. The NWF's funding, sourced from government borrowing rather than oil and gas revenue, sets it apart as a development bank with a specific focus on green initiatives. By de-risking investments and providing financing solutions, the NWF aims to attract private capital to bridge the capital gap in meeting net zero commitments. Drawing lessons from successful green banks globally, Labour can optimize the NWF by tolerating risk, attracting private capital efficiently, and focusing on de-risking investments in critical sectors. By taking on risky investments in sectors like green hydrogen, the government can play a key role in facilitating the transition to a low-carbon economy. The NWF's model mirrors successful green banks like the Japan Green Fund and the Connecticut Green Bank, which have achieved high private capital per public investment ratios. Embracing risk and managing investments effectively will be crucial for the NWF's success in driving green growth and sustainable development in the UK.