The LGPS has a strong track record of investment in the UK. At Border to Coast, our partnership has built on this commitment with more than £12bn – 31% of our assets in pooled vehicles – invested on home soil (as at 31 March 2025).
Our investments range from supporting significant UK public companies creating thousands of jobs to helping young firms with the capital they need to grow. We invest in corporate bonds helping to reduce the cost of capital for UK businesses, and invest in major infrastructure projects such as wind farms and electric vehicle charging networks. We invest across public and private markets, supporting life sciences, transport, affordable housing, and care homes, among many others.
Pooling has enabled our partnership to secure innovative, long-term investment opportunities in the UK. Our investment into best-in-class assets not only deliver strong risk-adjusted returns for Partner Funds, supporting them in the cost-effective payment of pensions for more than two million local government workers, but can have a positive ripple effect of benefits across the UK economy and society.
With case studies of our investments, details of our innovative propositions, and links to our latest report and thought leadership all on this page, scroll down to find out how we invest, where we invest, and the impact we have, all while striving to make a difference for the LGPS.
Our UK Strategies
Find out how our propositions enable LGPS Partner Funds to invest across the UK.
Read moreUnlocking growth
What can be done to enable greater UK investment? Our report outlines solutions.
Read moreCase studies
From private equity to infrastructure, find out the impact of our investments.
Read moreLGPS investment in action
LGPS capital is supporting projects and companies throughout the UK, watch our latest video to know more about some of the investments made to deliver returns and also help drive economic growth, global competitiveness and innovation.
PIN-POINTING OUR UK INVESTMENTS
To see where many of the assets that we invest in for Partner Funds are, simply select an asset class and zoom in on the location you’re interested in. It’s easy to navigate the map by clicking on the four arrows icon on the lower right of the map.
Data accurate for the year to 31 March 2025.
Our UK Strategies
We invest globally, but have several dedicated strategies focused investment here in the UK. Click below to find out more.
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The £0.5bn UK Opportunities strategy is dedicated to delivering long-term investment opportunities in the UK on behalf of Partner Funds.
From life sciences to clean energy, it invests across UK infrastructure, private equity, real estate, and private credit in opportunities offering strong risk-adjusted returns as well as lasting social and economic benefits.
The strategy leverages the strength of pooling and our deep strategic relationships with industry to support an investment ecosystem which brings investment opportunities and local authorities to the table with investors.
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The £1.2bn UK Real Estate proposition expands the high-quality real estate investment opportunities available to Partner Funds from across the UK.
From offices, retail, care homes, student accommodation and industrial and warehouse facilities across 26 counties, the proposition supports greater LGPS investment into the UK.
It will target investment in new sectors including life sciences and residential such as affordable housing, providing long-term risk adjusted returns while helping support ambitions to invest and power up UK economic growth.
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Our UK Listed Equity fund invests across all sizes and types of listed British companies. We support their growth and help underpin employment on home soil with long term stable capital. Our investments range from high street names such as Marks & Spencer and Next to international champions we can be proud of like Unilever and Rolls Royce.
Companies within our UK Listed Equity Alpha Fund include major retail brands Next and Ocado, as well as firms such as Oxford Biomedica, Vesuvius, and Oxford Nanopore Technologies, funding innovation in the UK.
We have more than £3.4bn invested into UK listed public markets on behalf of Partner Funds.
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Our UK bond funds provide important funding for companies issuing debt as well as the UK Government.
From major airports at Heathrow and Manchester to companies such as GB Social Housing, Greene King, Pearson, Vodafone, and the RAC, the Sterling Investment Grade Credit Fund provides funding to a wide variety of sectors and needs in the UK.
The Sterling Index-Linked Bond Fund invests primarily in debt issued by the UK Government, supporting the funding of vital public services across the country.
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Supporting medical innovation
Our partnership’s private equity investments support the development of ground-breaking medical solutions and high-quality, skilled jobs in the UK.
Through its investment in Blackstone Life Sciences V, order to Coast is helping to fund companies such as Autolus. This T-cell therapy company reprogrammes the cells in the body’s immune system to recognise and kill cancer cells.
Founded in 2014, Autolus has grown rapidly over the last decade. Starting as an offshoot of University College London, the company now has offices in the US and a dedicated manufacturing facility in Stevenage.
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Backing UK employers
Border to Coast is a major investor in Next plc though its ownership in the UK Listed Equity Fund. The high street giant, which operates over 500 stores nationwide and offers a robust online shopping platform, employs approximately 40,000 people in the UK alone.
Next has a wider impact on retail, supporting employment across the industry by enabling smaller UK retailers to leverage its logistics and website platform, cutting costs and creating jobs.
The company’s commitment to diversity is evident. 44% of its board directors and 47% of its senior leadership team are women. This focus on inclusivity contributes to a dynamic and supportive work environment which has enhanced Next’s positive impact on the UK economy and domestic employment.
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Building out infrastructure
The first commitment made within our private market UK Opportunities strategy, our partnership will invest £48.5m to expand UK renewable energy with Capital Dynamics.
The investment through the Clean Energy UK Fund will finance the build of onshore solar and wind farms, as well as improve grid resilience through the build of battery storage.
Capital will initially be put to work constructing four wind farms in Scotland, set to add some 193MW of energy to the UK grid, enough to power 46,000 homes, with further sites throughout the UK in the pipeline.
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Investing to support social housing
Social and affordable housing remains in high demand throughout the UK, through our fixed income Sterling Investment Grade Credit Fund, we are supporting one of the UK’s largest housing associations.
London & Quadrant is a regulated charitable housing association building homes for sale and rent with a vision that “everyone deserves a quality home that gives them the chance to live a better life”. L&Q seeks to achieve this by delivering safe, high-quality homes, services, and support to its residents.
As a regulated charitable housing association, all the money made is reinvested into new and existing homes, creating successful communities and providing services.
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Supporting UK energy security
Border to Coast has significant investments in National Grid plc in both equity and debt securities across a number of strategies.
In the UK, National Grid operates the electricity transmission network in the UK which is the largest part of the business. It also has a portfolio of flexible, low carbon and renewable energy businesses, including electricity interconnectors, a liquefied natural gas (LNG) import terminal , battery storage, and wind and solar power.
The company has a key role to play in facilitating the government’s ambitious Clean Energy Power 2030 target for zero carbon electricity. Last year, it initiated a five-year £60bn capital investment programme with more than half of this investment in the UK.
Unlocking UK Growth
With the LGPS already a significant investor in the UK, what more can be done to unlock greater pension capital to fund infrastructure projects and drive capital to growing private companies? It is a question we explored in our latest report: Unlocking UK Growth.
Following in depth interviews with nearly a dozen specialist private market asset managers, our report found no lack of appetite for investment in the UK, rather several structural barriers which still exist and hamper greater investment into assets, namely infrastructure and private equity.
It finds that reforms to ensure policy certainty, remove structural blockers to investment, and incentivise growth-driving capital allocation are amongst the changes the Government should make to enable increased pensions investment into UK productive assets.
Read a summary of report findings Read the report in full