Pension funds invest in British Growth Partnership Fund as it achieves £200m first close

British Business Bank says this a ‘major’ step forward to mobilise pension fund investment into venture capital

Martin Richmond
clock • 4 min read
Louis Taylor: 'The launch of these initiatives represents a key milestone in delivering the Mansion House reforms and will help pension funds to access outstanding new opportunities on their doorstep'
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Louis Taylor: 'The launch of these initiatives represents a key milestone in delivering the Mansion House reforms and will help pension funds to access outstanding new opportunities on their doorstep'

The British Business Bank’s British Growth Partnership Fund I has achieved its first close of £200m, following commitments from UK pension funds to invest in venture capital.

The fund, which was unveiled by chancellor Rachel Reeves at the International Investment Summit in 2024, is an investment vehicle designed to address structural barriers and assist pension funds to...

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