Local Government Pension Scheme
Commons · Question 32341 · Tabled 21 Feb 2025 · Ministry of Housing, Communities and Local Government · Official record
Answered 3 Mar 2025
Question
Asked by Pippa Heylings
To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the potential impact of the Local Government Pension Scheme on levels of economic growth in local communities.
Answer
Answered by Jim McMahon, 3 Mar 2025
The Local Government Pension Scheme (LGPS) already invests approximately 30% of its assets in the UK, as part of its duty to invest to pay pensions. The government believes that the LGPS can make a distinctive contribution to local economic growth buildin...