From: Department for Business
and Trade and HM Treasury
Published
15 March 2023
Last updated
26 May 2023 — See all updates
This consultation has concluded
Download the full outcome
Long-term Investment for
Technology and Science (LIFTS) initiative: summary of responses
(HTML)
HTML
Long-term Investment for
Technology and Science (LIFTS) initiative: summary of responses
(PDF)
PDF, 199
KB, 9 pages
Detail of outcome
Summary of responses received, the government’s response to the
consultation and the next steps.
Original consultation Summary
We're seeking feedback on the options for government support, the
qualifying criteria for proposals, and the overall approach and
timetable for LIFTS.
This consultation ran from
1pm on 15 March 2023 to 11:45pm on 28 April
2023
Consultation description
The Long-term Investment For Technology and Science (LIFTS)
initiative aims to establish new investment vehicles to crowd-in
investment from institutional investors, particularly defined
contribution (DC)
pension funds, to the UK’s most innovative science and technology
companies.
This request for feedback has 2 aims:
- first, we wish to ensure that all potential applicants have
an equal opportunity to understand and assess the proposed terms
and planned next steps for the LIFTS initiative
- second, we want to test key elements of the proposed terms to
ensure that the LIFTS initiative
stands the best chance of success in achieving its objectives
We would like feedback on:
- the options for government support
- the qualifying criteria for proposals
- the overall approach and timetable for LIFTS
Documents
Long-term Investment for
Technology and Science (LIFTS) initiative: request for
feedback
PDF, 664
KB, 20 pages
