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Insider UK
Insider UK
Technology
John Glover

Scotland's science and technology sector could grow by £249 million a year if pension investment rules change

Scotland Bruntwood SciTech

Scotland’s science and technology sector could receive a £249m boost from imminent pension investment rule changes, according to a new report.

Bruntwood SciTech, a joint venture between Bruntwood and Legal & General, found that the economy could grow by that figure every year by 2030 due to an increase in private equity and venture capital in the sector.

Plans to exclude performance fees from workplace pension caps and recent changes to pension investment rules could unlock millions of pounds in additional investment, along with new jobs and economic growth for the country.

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