On 27 July 2026 the government announced that five major UK pension providers - Railpen, Nest, LPPI, LGPS Central and Border to Coast - are joining forces to explore a new UK Scale-up Fund of over £1 billion for high-growth British science and technology companies. The British Business Bank is supporting the launch and intends to co-invest, with a market process to appoint a fund manager beginning shortly.
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UK pension giants explore £1bn+ Scale-up Fund to back British science and tech firms
Why this matters for founders
UK science and deep-tech founders raising Series A and beyond should track this British Business Bank-backed vehicle as a coming source of domestic institutional growth capital and start building relationships with the venture managers likely to deploy it.
Source: GOV.UK
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