UK Technology Secretary Liz Kendall says the Labour government will intensify efforts to direct more institutional capital into British technology firms, with a focus on artificial intelligence startups. Speaking during London Tech Week in an interview with Bloomberg TV, Kendall said the government plans to unlock investment by changing the legal and regulatory framework governing how UK pension funds are managed. She indicated that proposed reforms are intended to make it easier for pension funds to invest in UK-based companies rather than limiting allocations through existing rules or constraints. Kendall also said the government will provide additional support for the country’s AI sector, tying the broader investment push to the development of domestic AI capabilities. The reporting across outlets centers on her pledge to strengthen mechanisms for channeling funds into UK tech, specifically through pension-fund-related legal reform. She suggests momentum will follow soon, describing the next steps as pending movement on the reforms. The announcements reflect an approach that combines targeted sector backing with changes to investment pathways for institutional investors.
UK Technology Secretary Liz Kendall pledges pension-fund reforms to back AI startups
UK Technology Secretary Liz Kendall says the Labour government will intensify efforts to direct more institutional capital into British technology firms, with a focus on artificial intelligence startu...
- Liz Kendall, the UK technology secretary, pledges stronger support for the UK AI sector.
- She says the Labour government will seek to direct more institutional funds into British tech companies.
- Kendall links the push to legal reforms affecting how UK pension funds are run.
- The comments are made during London Tech Week in an interview with Bloomberg TV.
- Kendall indicates further action on the reforms will happen soon.
Britain’s Technology Secretary Liz Kendall has pledged to strengthen efforts to channel institutional investment into UK tech companies. Speaking to Bloomberg TV during London Tech Week, Kendall said the government would pursue legal reforms to how pension funds are run. “I’m sure you’ll see more movement on that very soon,” she said. The interview was recorded before […] This story continues at The Next Web
19 hours agoTechnology Secretary Liz Kendall says the UK’s Labour government will strengthen efforts to drive institutional funds into British tech companies, as she pledged more backing for the country’s artificial intelligence sector. Speaking to Bloomberg TV during London Tech Week, Kendall said she wants The government wants to unlock investment into UK firms with legal reforms to how pension funds are run. (Source: Bloomberg)
20 hours agoThe UK’s Labour government will strengthen efforts to drive institutional funds into British tech companies, Technology Secretary Liz Kendall said, as she pledged more backing for the country’s artificial intelligence sector.
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