Infrastructure investment limit doubled

Local government minister Brandon Lewis said the government will change the law so that councils can invest up to 30% of their holdings in the projects. It is double the current limit of 15%.

“Unlocking town hall pension pots so they can invest more in vital infrastructure projects will help this country complete on a global scale and get Britain building”, Mr Lewis said.

He said changes to the 2009 Local Government Pension Scheme (Management and Investment of Funds) Regulations would allow the extra investments to take place. The combined value of investment assets held under the LGPS is £150bn.

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UKREiiF has quickly become a must-attend in the industry calendar for Government departments and local authorities.

The multi-award-winning UK Construction Week (UKCW), is the UK’s biggest trade event for the built environment that connects the whole supply chain to be the catalyst for growth and positive change in the industry.