FTSE companies urge Reeves to unlock more domestic capital

FTSE companies have called on Reeves to up investment from pensions

Over 250 companies across the London Stock Exchange have called on the Chancellor to do more to unlock domestic capital from pension funds for UK businesses to boost economic growth.

In a letter to Rachel Reeves, signatories including asset manager Schroders and fashion giant Mulberry, warned that there is too little capital invested in the UK to achieve the government’s economic ambitions and fuel innovation.

The letter said: “The availability of domestic risk capital is the vital fuel that businesses, both public and private, need to grow.

“Yet we are increasingly concerned by the sharp decline in domestic risk capital, especially from UK pension funds, being invested in companies in the UK.”

The amount of capital