How the Mansion House Accord is Fueling Growth in UK Investments
The UK government’s push to boost domestic innovation and business growth has taken a bold step with the Mansion House Accord. This website transformative agreement encourages pension funds and providers to channel more capital into UK-based private companies, unlocking new opportunities for growth and development.
Introduced as a continuation and expansion of the 2023 Mansion House Compact, the Accord has secured commitments from 17 major pension and insurance groups to allocate at least 10% of their defined contribution default funds to private markets—half of which will directly benefit UK-based firms by 2030.
By steering more funding into high-growth sectors like health sciences, AI, and green technologies, the Accord aims to position the UK as a global leader in innovation. With approximately £800 million already invested in unlisted equity assets, the initiative is set to catalyze a new era of economic advancement.
Michael Moore, Chief Executive of the BVCA, stated, “If the signatories fulfil their obligations, this agreement could be a huge step forward for the UK economy.”