From pensions to quantum: UK retirement savings back Britain's deeptech ambitions
Scottish Widows, Aberdeen Investments, and IP Group announced the CG Scottish Widows Growth LTAF, a pioneering pension scheme connecting long-term institutional capital to UK venture growth. Initial portfolio companies include Oxford Quantum Circuits and Quantum Motion (quantum computing), Nyobolt (fast-charging batteries), and Genomics Limited (AI-driven drug discovery). The model channels patient capital from workplace pensions into scaling British science and technology firms, demonstrating a replicable approach to increasing pension capital flows into private markets and high-growth UK businesses.
Key points
- First UK pension funds directly allocate worker savings to venture growth companies
- Initial investments span quantum computing, energy storage, and genomics sectors
- Model designed to expand pension capital access to high-growth British deeptech
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