30 Jul 2026
UK pension providers have joined forces to establish a new scale-up fund of more than £1 billion to back the next generation of high-growth science and technology companies.
The new fund aims to increase UK growth capital and give pension savers greater access to returns from successful UK companies.
According to the government, the fund will support economic growth and help pension savers benefit from larger retirement pots.
Commenting on the fund, Prime Minister Andy Burnham said: 'This new fund would help unlock good growth in every postcode, connecting pension investment with the entrepreneurs and technologies that will reindustrialise Britain and create the jobs of the future.
'That means more opportunities for working people, stronger returns for savers, and more businesses choosing to start, grow and stay in Britain.'
Chancellor of the Exchequer, John Healey, said: 'We create great companies in Britain but don't do enough to grow them with British capital and keep profits in the UK. I want the UK to become the best place in the world both to start and scale a business, with investment, jobs and skills in every region.'