A Blueprint for Growth
Unlocking long-term investment to power UK growth
Our commissioned research, produced by Oxford Economics, shows that a suite of six policy changes has the potential to deliver up to £220 billion in additional UK investment over the next decade, permanently adding 0.7% to UK GDP by 2035.
Why it matters
Delivering long-term growth must be at the heart of economic strategy. The UK has deep pools of capital, world-class financial expertise, and institutions that are trusted at home and respected abroad. The challenge is to harness those strengths to build a more productive economy. Pensions capital is central to that effort. With more than £3 trillion in long-term savings, even a modest shift towards productive assets can finance the homes, infrastructure, and innovation the country needs.
“This research shows what is possible when conditions are aligned. The right policy framework could unlock up to £220 billion of additional investment over the next decade, strengthening public finances and increasing household incomes. The prize is clear if government, investors and industry embrace the challenge: a more resilient, more competitive economy where long-term savings support long-term prosperity.”
António Simões
Group Chief Executive L&G
Economic contribution
£220bn
In additional UK investment over 10 years
0.7%
permanent uplift to UK GDP by 2035
£8.8bn
in extra government revenues by 2035
£330
increase in annual household disposable income (2024 prices) by 2035
Six policy levers
L&G has commissioned Oxford Economics to assess the economic contribution of six policy reforms that will support the pension and insurance sector, channel capital into the UK, helping the Government deliver on its growth mission.
Next steps
Realising this potential depends on deploying capital into productive assets across the economy. The next phase of A Blueprint for Growth will focus on investment opportunities - examining how long-term capital can be mobilised into sectors such as housing, clean energy, and digital infrastructure. L&G will convene government, business, and investors to identify and remove barriers to deployment.
Download and links
Key risks
The value of an investment and any income taken from it is not guaranteed and can go down as well as up, and the investor may get back less than the original amount invested. Past performance is not a guide to the future.
Whilst L&G has integrated Environmental, Social, and Governance (ESG) considerations into its investment decision-making and stewardship practices, this does not guarantee the achievement of responsible investing goals within funds that do not include specific ESG goals within their objectives.
