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Britain to unleash $64 billion in pension funding for tech startups after missing out on Arm IPO

The UK government plans to unlock billions of pounds from Pension funds to invest in early-stage Tech Startups. Finance Minister Jeremy Hunt outlined reforms that aim to boost economic growth and make the UK a more attractive place for technology. The measures include allocating 5% of assets in default pension funds to unlisted equities by 2030, potentially unlocking up to £50 billion ($64 billion) of investment in high-growth firms. The UK has the largest pension market in Europe, worth over £2.5 trillion. The government also committed to creating an "intermittent trading venue" for publicly trading shares of unlisted firms.

The post Britain to unleash $64 billion in Pension Funding for tech startups after missing out on Arm IPO appeared first on Balanced News Summary.



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Britain to unleash $64 billion in pension funding for tech startups after missing out on Arm IPO

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