Global Trade Alert
Global Trade Alert

United Kingdom: National Wealth Fund provides funding to support ScottishPower's Eastern Green Link 4 project

Announcement

25 Mar 2026

In March 2026, the UK’s National Wealth Fund (the NWF) announced funding to support the development of a subsea electricity interconnector between Scotland and England.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

25 Mar 2026

Revocation date:

No revocation date

Announced: 25 Mar 2026
State loan In force

Recent update from 31 Mar 2026:

On 25 March 2026, the UK National Wealth Fund announced GBP 600 million (USD 803.8 million) in financing to ScottishPower, a subsidiary of Iberdrola SA, for the Eastern Green Link 4 (EGL4) project....

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