We welcome today’s announcement from the British Business Bank on the successful first close of British Growth Partnership Fund I at £200 million.

The fund achieved a first close with commitments from Aegon UK, Cushon Master Trust, M&G and the British Business Bank. Its first investment will be £8 million into Wayve, the UK autonomous driving company.

The fund has been established to increase access to venture capital for UK defined contribution pension schemes, supporting greater participation in the asset class.

Langham Hall is supporting the fund from its London office, providing fund accounting and administration alongside AIFM and depositary services.

Read the full British Business Bank announcement here: Press release - 1 April, 2026 | British Business Bank