UK to Inject £20.4bn into State-Backed Investment Arms Britain plans an extra £20.4bn for its state-backed investment arms over five years, targeting AI, defence and green energy, with the Treasury projecting support for around 100,000 jobs by 2035. The British government intends to add £20.4bn ($27.3bn) to two state-backed financing institutions - the National Wealth Fund and the British Business Bank - as part of the budget to be announced next week. The money would be spread over roughly five years, with £15.4bn ($20.6bn) going to the National Wealth Fund and £5bn (about $7bn) to the British Business Bank, according to a Financial Times report citing a Treasury document. A Treasury spokesperson told the newspaper that the extra funding is meant to help more British companies reach their potential by directing investment into industrial sectors, infrastructure projects and regions that create good jobs and support sustainable growth across the country.The Treasury expects the measures to support around 100,000 jobs by 2035, with investment focused on areas including artificial intelligence, defence and green energy. The measures are expected to be disclosed in the budget that Finance Minister John Healey will present on Wednesday, reflecting the government's push to expand the role of state-backed financing institutions in steering investment and supporting the growth of British companies.