- A consortium of some of the UK's largest pension providers has announced their commitment to explore establishing a ' UK Scale-up Fund' to invest in high-growth British science and technology companies.
- The proposed fund aims to provide substantial capital to help innovative UK businesses expand, commercialise new technologies, and create skilled jobs, thereby supporting economic growth.
- The initiative seeks to deliver strong long-term returns for pension providers and their members, with the British Business Bank and the Office for Investment supporting its launch and potential investment.
- Prime Minister Andy Burnham , Business Secretary Jonathan Reynolds, and Chancellor John Healey have expressed strong support, highlighting the fund's potential to reindustrialise Britain and keep profits within the UK.
- Leaders from major pension funds, including Railpen, Nest , and LPPI, underscored the fund's role in connecting institutional capital with UK innovation, offering attractive investment opportunities and strengthening the domestic economy for their members.
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