UK pension institutions plan to establish a £1 billion technology growth fund

```htmlGlonhui July 27｜Several UK pension institutions plan to establish a special fund with a scale of 1 billion pounds, investing in domestic technology and innovation enterprises to guide more pension savings into local businesses and stimulate economic growth. A report released on Monday shows that the idea of this business growth fund is supported by several leading UK pension institutions, including Railpen and Nest, with the project jointly promoted by British Business Bank. The fund will invest in mature, high-quality companies, helping them expand operations, commercialize new technologies, and create jobs. UK Prime Minister Andy Burnham called this plan a "vote of confidence" for domestic businesses.```