Border to Coast Pensions Partnership (Border to Coast) has committed £80 million to boost Britain’s life sciences sector and ramp up renewables, as part of its £500m UK Opportunities strategy.
Half the pot will go to UBS’s UK Life Sciences Property fund, backing new lab and R&D space in the high-demand ‘Golden Triangle’ of Cambridge, Oxford and London.
The other £40m is heading to Quinbrook’s Renewables Impact Fund II, aimed at building out solar and wind, upgrading infrastructure and boosting grid stability.
The move builds on over £1bn already placed in UK private markets by the pensions giant, plus £1.3bn in real estate and £10bn in public markets.
It’s part of a wider plan to drive energy transition, support innovation and create long-term value across the UK.