UK Pension Providers Plan £1 Billion Fund for Science and Tech Scale-Ups
Updated
Updated · Bloomberg · Jul 27
UK Pension Providers Plan £1 Billion Fund for Science and Tech Scale-Ups
1 articles · Updated · Bloomberg · Jul 27
Summary
A proposed £1 billion Scale-Up Fund would steer UK retirement savings into British science and technology companies, targeting firms that have already proved successful and need capital to expand.
Railpen, Nest and other large pension providers are backing the idea with the British Business Bank, according to a report released Monday.
The fund is designed to help companies commercialize new technologies, grow faster and create jobs, aligning pension capital with the UK’s broader push to lift domestic growth.