- 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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