The new fund aims to increase UK growth capital and give pension savers greater access to returns from successful UK companies.
It would seek to deliver strong long-term returns for pension providers and their members by investing in 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.’
READ MORE
05/08/2026
View all >
15/10/2026
Six months until next phase of Making Tax Digital rollout
HMRC expects that more than 1m taxpayers will be required to use digital recordkeeping and send quarterly updates to HMRC when the second phase of MTD for Income Tax is extended from 6.4.27.
Applications open for scheme to cut electricity bills for manufacturers
Applications opened on 1 October 2026 for the British Industrial Competitiveness Scheme (BICS) as part of a government project to cut costs for businesses.
Responses to Shadow Chancellor's party conference speech
On 5 October, Shadow Chancellor, Andrew Griffith, delivered his speech to the Conservative Party conference.
Sign up to keep in touch to receive our latest news and industry updates.
* *
Yes, I would like to receive email updates providing me with the latest finance news, advice guides and details of future events.