Schroders and IGC awarded £250m as part of LIFTS initiative

Award comes in bid to unlock private capital to support innovative companies in the UK

Jonathan Stapleton
clock • 3 min read
Schroders and IGC have been awarded funding to drive forward growth in innovative UK companies
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Schroders and IGC have been awarded funding to drive forward growth in innovative UK companies

The British Business Bank (BBB) has awarded Schroders Capital and Intermediate Capital Group (ICG) a total of £250m under the Long-Term Investment for Technology and Science (LIFTS) initiative.

The initiative aims to create two new investment vehicles that are accessible to pension fund capital, unlocking over £1bn of total private capital, including from defined contribution (DC) pension...

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