Strathclyde pledges £20m to clean growth fund

Pledge comes after LGPS fund was found to be a major fossil fuel holder

Hope William-Smith
clock • 1 min read

The Strathclyde Pension Fund has pledged a capital commitment of £20m into a government-backed venture capital fund investing in early-stage UK clean technology ventures.

The Clean Growth Fund - established in 2020 with funding from the Department of Business, Energy & Industrial Strategy - is now close to two-thirds of the way to its £100m target. The fund was d...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Asset-backed finance solutions investment manager formally launched

Asset-backed finance solutions investment manager formally launched

Evermill Capital will look to deliver tailored asset-backed financing solutions

Martin Richmond
clock 05 December 2024 • 1 min read
Solving the housing crisis – finding opportunities in 'ignored' cities and towns

Solving the housing crisis – finding opportunities in 'ignored' cities and towns

Underinvested locations are signalling a chronic disparity in supply and demand

Tim Munn
clock 03 December 2024 • 4 min read
The case for pension scheme investment in Bitcoin

The case for pension scheme investment in Bitcoin

A Cartwright-advised scheme has allocated 3% of its assets to Bitcoin… Sam Roberts explains why this move makes sense

Sam Roberts
clock 03 December 2024 • 7 min read
Trustpilot