How the Mansion House Accord is Fueling Growth in UK Investments
How the Mansion House Accord is Fueling Growth in UK Investments
Blog Article
The UK government’s push to boost domestic innovation and business growth has taken a bold step with the Mansion House Accord. This transformative agreement encourages pension funds and providers to channel more capital into UK-based private companies, unlocking new opportunities for growth and development.
Introduced as a continuation and expansion of the 2023 Mansion House Compact, the Accord read more has secured commitments from 17 major pension and insurance groups to allocate at least 10% of their defined contribution default funds to private markets—half of which will directly benefit UK-based firms by 2030.
By steering more funding into high-growth sectors like health sciences, AI, and green technologies, the Accord aims to position the UK as a global leader in innovation. With approximately £800 million already invested in unlisted equity assets, the initiative is set to catalyze a new era of economic advancement.
Michael Moore, Chief Executive of the BVCA, stated, “If the signatories fulfil their obligations, this agreement could be a huge step forward for the UK economy.”
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