Mark Whitehead 07 September 2018

Glasgow council announces £20m pension fund investment

Glasgow is aiming to attract high-tech American companies to the city with a £20m investment from the pension fund for council staff.

Strathclyde Pension Fund, which manages retirement savings for thousands of staff at Glasgow City Council and neighbouring authorities, has agreed the investment in companies developing innovative medical technology.

The fund's managers say the move will create jobs in the region and provide a good return on investment.

They say it will give US companies access to the CE mark process used in the UK and across the European Economic Area which is viewed as more predictable than the American system.

Allan Gow, Glasgow city treasurer and chair of the fund, said the priority was securing a return for savers but there were also benefits for the city.

He said: 'This is a great opportunity for the fund and its members but also for Glasgow and the whole city region.

'We’re going to see members’ savings working hard for them and their retirements, but also creating skilled jobs on their doorstep.'

SIGN UP
For your free daily news bulletin
Highways jobs

Children's Social Workers and Senior Social Workers (Children Looked After)

London Borough of Richmond upon Thames and London Borough of Wandsworth
£32,427 to £44,658
Here in Wandsworth, we are on an exciting journey of transformation. Richmond upon Thames, London (Greater)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Peripatetic Customer Services Adviser

Northumberland County Council
£20,444 - £22,129
Northumberland County Council operates a huge range of services across one of the largest counties in the UK. Northumberland
Recuriter: Northumberland County Council

Principal Engineer - York Central

City of York Council
£37,114 to £42,562
We have an exciting opening for an experienced highway design engineer. York, North Yorkshire
Recuriter: City of York Council

Senior Highway Adoptions Inspector

City of York Council
£31,887 to £36,380
We have an exciting opening for an experienced highway inspector. York, North Yorkshire
Recuriter: City of York Council

Highways Asset Engineer

Hackney London Borough Council
£37,260 - £38,148
Are you an experienced Asset Management professional looking for your next challenge? Hackney, London (Greater)
Recuriter: Hackney London Borough Council

Partner Content

Circular highways is a necessity not an aspiration – and it’s within our grasp

Shell is helping power the journey towards a circular paving industry with Shell Bitumen LT R, a new product for roads that uses plastics destined for landfill as part of the additives to make the bitumen.

Support from Effective Energy Group for Local Authorities to Deliver £430m Sustainable Warmth Funded Energy Efficiency Projects

Effective Energy Group is now offering its support to the 40 Local Authorities who have received a share of the £430m to deliver their projects on the ground by surveying properties and installing measures.

Pay.UK – the next step in Bacs’ evolution

Dougie Belmore explains how one of the main interfaces between you and Bacs is about to change.