Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the potential impact of the Local Government Pension Scheme on levels of economic growth in local communities.

The Local Government Pension Scheme (LGPS) already invests approximately 30% of its assets in the UK, as part of its duty to invest to pay pensions. The government believes that the LGPS can make a distinctive contribution to local economic growth building on its local role and networks, through increasing its long-term investment in local communities.