Are devolution and local investment a silver bullet for the UK’s growth problem?

Since taking office on 20 July, Andy Burnham has made no secret of his desire to revitalise neglected areas of the UK, vowing “good growth in every postcode”. The prime minister sees devolution as a route to tackling productivity and investment gaps, with the view that the country’s pension funds provide a ready route to a large pool of patient capital. But it’s no easy task. 

Can Number 10’s new broom sweep in a widespread economic boom, and what are the risks and opportunities for pension scheme investors that are hoping to step up to the local investment plate?

In this publication, we explore how pension scheme capital could support UK growth. We look at opportunities across housing, infrastructure and private markets, alongside considerations for investors looking to invest locally.

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If you’d like to discuss any of the themes raised in this article, please get in touch.

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This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice (including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy. However, we provide no guarantee and accept no liability in respect of any errors made by any third party.

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