UK Vows Pension Reforms to Unlock More Funding for Tech and AI
Updated
Updated · Bloomberg · Jun 12
UK Vows Pension Reforms to Unlock More Funding for Tech and AI
3 articles · Updated · Bloomberg · Jun 12
Summary
Liz Kendall said Labour will step up efforts to channel more institutional money into British tech companies, with added backing promised for the UK’s AI sector.
Pension-fund reform is the main lever: Kendall told Bloomberg TV at London Tech Week that legal changes to how pension funds are run should unlock more investment into UK firms.
The push targets startups as the government tries to widen domestic capital pools for high-growth technology businesses rather than rely as heavily on overseas funding.