UK Government Investments Ltd (UKGI) has published its annual report for the year ending 31 March 2025.
In a year of political change, UKGI acted swiftly to support the new government’s priorities and deliver value for taxpayers. As the government’s centre of expertise in corporate governance and finance, UKGI:
- Added governance roles at National Energy System Operator (NESO), the National Wealth Fund and Octric.
- Supported DESNZ’s £630m acquisition of NESO from National Grid, a landmark in energy reform, bringing NESO into independent public sector operation – central to the UK’s energy transition.
- Represented HMT on the Board of the new £27.8bn National Wealth Fund, designed to catalyse private investment across the UK.
- Advised MoD on returning 36,347 military homes to public ownership, saving taxpayers £230m a year and delivering a net benefit of nearly £4bn.
- Helped reduce the government’s NatWest Group stake from 30% to under 4%, raising £8.2bn in proceeds and completing, after the financial year end, the largest post-crisis monetisation programme globally.
- Expanded the Contingent Liabilities team into the Financial Instruments and Transactions Advisory Group (FInTAG), advising on around £10bn of contingent liabilities across 43 proposals. FInTAG delivered £22m in savings by designing more effective risk transfer strategies and cutting insurance costs.
- The Special Situations Group (SSG) provided advisory support to 15 ministerial departments on over 30 major projects, fundamental to the UK economy.
- Over the past three years, UKGI’s expertise has saved government up to an estimated £175m in external adviser fees.
Charles Donald, Chief Executive of UKGI, said:
In a year of change, UKGI responded quickly to support the new government’s priorities and deliver value for taxpayers. From supporting energy reform to returning military housing to public ownership, our work shows the breadth of our expertise and our ability to tackle complex challenges. By investing in our people and upholding strong governance, we remain committed to helping departments deliver the government’s Plan for Change and key national goals.
Notes to Editors
UK Government Investments creates value for society from government’s most complex commercial interests.
UKGI acts as shareholder for, and leads the establishment of, UK government arm’s length bodies; it advises on all major UK government corporate finance matters, including financial interventions into corporate structures and corporate finance negotiations; provides advice on and analysis of the UK Government’s financial instruments; and delivers orderly transactions that generate value for money.
UKGI is owned by HM Treasury and independently managed with a Board comprised predominantly of independent non-executive directors. UKGI works closely with both the private and public sectors, advising and interacting with ministers, Parliament and Whitehall departments.
For further information contact Tavistock:
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David Cracknell – [email protected] – 07703 492 993
