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Britain to unleash $64 billion in pension funding for tech startups after missing out on Arm IPO

Britain to unleash $64 billion in pension funding for tech startups after missing out on Arm IPO

NEWPORT, WALES – British Finance Minister Jeremy Hunt attends the Welsh Conservative Party Spring Conference 2023 on April 28, 2023 in Newport, Wales.

Matthew Horwood | Getty Images News | Getty Images

Britain announced plans to ensure that billions of pounds’ worth of pension fund money will be unlocked to invest in early-stage firms, seeking to boost economic growth amid criticism the U.K. is becoming an unattractive place for technology.

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