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LGPS eyes £1bn UK scale-up fund

A group of Local Government Pension Scheme (LGPS) pools is to explore the establishment of a £1bn fund to help scale up UK businesses.

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The initiative would see LGPS Central, Border to Coast Pensions Partnership and Local Pensions Partnership Investments (LPPI), alongside Railpen and Nest, work with the British Business Bank

LGPS allocations to UK plc have been at the forefront of a growing debate with the government nudging the scheme to invest more in stocks at home.

(Left to right: James Beaumont, Piers Hillier and Mark Davies, credit: Mark Flynn)