The £10.4 billion Greater Manchester Pension Fund (GMPF) is allocating up to £500 million to local investment opportunities, Professional Pensions reports. The investment will help enhance the local economy and regenerate town centers in the North West. The U.K. pension scheme has set up a new business development working group to look for proposals from local organizations and consultancy firms for investment. The available allocation to the pension fund will grow to 3 percent of the main fund, taking the decided allocation available to local investments to 5 percent.
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