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 Research Report UK India Infrastructure Financing Bridge Sep 2025 - This first annual report captures the UK–India Infrastructure Finance Bridge (UKIIFB) Year One learnings UK India Infrastructure Financing Bridge Thought Piece The Innovation and Technology Dinner 2025 Sep 2025 - Bringing together over 200 senior leaders from the FS and tech sectors for the Innovation and Technology dinner, an annual event where we celebrate the City’s vital tech sector. The Innovation and Technology Dinner 2025 News Quantum Computing Hackathon Aug 2025 - Take part in a first-of-its-kind Quantum Hackathon focused on transforming UK financial services. Quantum Computing Hackathon Thought Piece Baku to Belém: Reflections from Net Zero Delivery Summit 2025 Jul 2025 - The Net Zero Delivery Summit marks the crucial halfway point between climate COPs. The message of the day was a celebration of action, and championed the central role of finance in the path to net zero. Baku to Belém: Reflections from Net Zero Delivery Summit 2025