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Lord Vallance demands UK pensions unlock billions for domestic tech investment

UK pension schemes described as dangerously "underexposed" to domestic innovation like AI, Life Sciences, and Quantum Technology.

Jean Hurley

Science Minister Lord Vallance gives a speech
Lord Vallance speaking at the BVCA Pensions and Private Capital Showcase. Photo: www.gov.uk
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​Science Minister Lord Vallance delivered a sharp warning and an urgent call to action to the UK’s financial community last week, demanding that pension funds redirect a greater share of their vast capital into high-growth British science and technology companies.

​Speaking at the British Venture Capital Association’s (BVCA) Pensions and

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