Posted: 27 Mar 2023 Resource Type: Research Report Download Back Unlocking domestic institutional investment is key to helping the most creative and innovative businesses in the UK to thrive. Defined contribution (DC) pension fund capital is an untapped source of investment for growing firms. If funds could invest into innovative firms at growth stage, via private equity and venture capital, both pension holders and firms could benefit. Powerful Pensions: Unlocking DC Capital for UK Tech Growth explores how challenges surrounding domestic institutional investment to UK FPS Tech can be addressed. This report makes recommendations that will help support high-growth industries to start, stay and scale in the UK. A key recommendation is a Future Growth Fund (FGF). The FGF would be led by the private sector and funded by private DC pension schemes. This approach would enable VC and PE investment into FPS Tech, as well as life sciences, biotech and green technology. And it will give DC pension savers the chance to invest in growth companies. The City of London Corporation has welcomed the Chancellor’s Spring Budget announcement on unlocking DC fund investment. We have been working with the sector on the potential £50bn FGF. And we look forward to working with the Government on these plans as they develop. Download the brochure for more on the UK’s investable FPS tech sector UK financial and professional services tech: innovation and investor opportunity UK financial and professional services tech: innovation and investor opportunity Stay in touch Sign up to our mailing list to make sure you're the first to hear about news, reports, and events relating to financial and professional services from the City of London Corporation. Sign up now Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Thought Piece Navigating Nature’s Value | Insights into the Biodiversity Credit Market May 2024 - Nature sustains both economies and livelihoods. Yet despite the alarming risks that society faces from nature loss, nature restoration and conservation projects still face a significant financing gap. Navigating Nature’s Value | Insights into the Biodiversity Credit Market Thought Piece International financial & professional services firms access the workers they need in the UK May 2024 - The UK’s talent pool is the bedrock of its world-class FPS sector. This competitive edge explains why so many international financial and professional services (FPS) firms choose to locate in the UK. International financial & professional services firms access the workers they need in the UK Research Report The UK | a top destination for financial and professional services investment Apr 2024 - Research led by the City of London Corporation shows that the UK continues to be Europe's most popular destination for foreign direct investment in financial and professional services The UK | a top destination for financial and professional services investment News Women pivoting to digital Apr 2024 - Announcing a new taskforce taking action around women pivoting from non-technical backgrounds into digital roles Women pivoting to digital