UK pension providers in talks for £1bn Scale-Up Fund

UK pension providers are in talks with the British Business Bank over a £1bn UK Scale-Up Fund for British tech scaleups.

The proposed vehicle would provide growth capital to help firms expand internationally, create jobs and reach later stages in the UK.

Backers include major pension players such as Railpen and Nest, with the goal of boosting domestic late-stage funding.

If launched, the fund could reduce reliance on overseas investors and channel more pension money into high-growth UK businesses.