Aegon’s UK business has announced its intention to provide a cornerstone investment in the soon-to-be established British Growth Partnership, which aims to support growth in the UK economy by providing venture capital funding to some of the UK's fastest growing and most innovative companies.
The investment will also help to benefit wider society in the UK, as the British Growth Partnership looks to invest in companies that deliver long term environmental and social outcomes, like new medicines and technologies. This is a strong reflection of Aegon’s purpose of Helping people live their best lives.
Pending regulatory approval, investment due diligence and commercial discussions, this initial investment will be integrated into Aegon UK's flagship workplace default, the Universal Balanced Collection (UBC) fund. This will provide around 700,000 scheme members with access to innovative investment opportunities that had previously not been available to them. You can find more details here.