Home > Alerts > United Kingdom > Insurers ready to invest almost £200bn pension money in UK infrastructure over the next 10 years
17 June 2020
“Legal & General Retirement Institutional (“Legal & General”) has determined a way to plug approximately a fifth of the UK’s infrastructure funding gap over the next decade, by tackling one of the “mega-gaps” the UK faces over the next ten years: infrastructure.
Today, Legal & General launches a report entitled “The power of pensions: How pension savings can help to build the UK’s infrastructure and drive growth in all regions”, which focuses on how Legal & General and other insurers can tackle the UK’s infrastructure gap and encourage “inclusive capitalism” that improves everyone’s lives.
Investment in infrastructure is key to maintaining the long-term competitiveness of the UK economy and is vital to delivering the Government’s modern “Industrial Strategy”.
The infrastructure investment gap over the next ten years is likely to be £1 trillion. Regions across the UK are calling out for investment in transport, homes and energy in order to bring infrastructure up to where it needs to be to support our society’s needs.”
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