When the Mansion House Compact was announced in 2023, it promised to direct pension savings toward productive UK investment. Two years later, the Mansion House Accord expanded that ambition: up to 10 per cent of defined-contribution pension funds in unlisted assets by 2030, half of that in the UK. The goal is simple – to use the UKs pension capital investment schemes to benefit from the returns generated by the next generation of British growth companies.

The question has always been whether that capital can find a home in the right kind of founders, managers, innovators and businesses in every part of the UK. The answer arrived in Macclesfield.

Regional investments matter

Seven years ago, The Beauty Tech Group was a small loss-making start-up with an idea and a determination to scale. Backed by UK venture funds, such as the Northern Venture Capital Trusts (VCTs) managed by Mercia Asset Management, the company has grown into a global leader in beauty devices, recently listing in London with revenues above £100m and a strong pipeline of expansion and international growth. Its success is proof of what regional capital can do.

This is the Mansion House Accord in practice: UK capital........

© City A.M.