Liz Kendall, minister at the Department for Science, Innovation and Technology,
said the government will push institutional capital into UK tech firms and
provide further backing to the domestic AI sector. She said the government
intends to reform pension fund operating rules to unlock more investment into UK
companies and added you will see more progress soon. Last year UK pension fund
managers agreed to allocate at least 5% of assets to domestic investments;
Chancellor Reeves has not ruled out mandating UK allocations. Kendall said the
UK must become an indispensable partner in global tech architecture to secure
greater control over AI and called for a decisive shift, including the
government taking higher‑risk stakes in tech startups.
