A great move from the National Wealth Fund - £25m into Rowden to boost UK‑developed sensing and information systems, create jobs, and strengthen sovereign capability. Fantastic to see continued investment in technologies that enhance national resilience. Read more via the link in the comments.
We are today announcing a £25m investment in UK engineering business Rowden, marking our first deal directly supporting defence, national security and resilience. Our financing will fund two new sites in the Southwest and the West Midlands, and will help to accelerate the expansion of Rowden's exports of UK-developed sensing and information systems. It will also support the creation of 100 jobs over the next 12 months, and a further 400 by 2032. Strengthening sovereign and strategic capabilities is one of the #NationalWealthFund’s core ambitions, investing in companies that build, scale and retain critical technologies within the UK, reinforcing domestic supply chains and long-term national resilience. Find out more about this deal via the link in the comments.