Devon Pension Fund to create jobs in renewable energy

13.11.23

Workers in safety equipment looking at a wind farm — Five other Local Government Pension Schemes in the South West, in addition to the Devon Pension Fund, have also committed to the Greencoat Wessex Gardens fund, totalling £330 million in commitments.

Devon County Council’s Investment and Pensions Fund Committee, which oversees management of the Devon Pension Fund (the county’s largest single pension fund) has decided to commit investments to renewable energy technologies.

The Devon Pension Fund is therefore playing a major part in helping to create local jobs in renewable energy and associated infrastructure, while providing clean energy to the national grid.

The Committee decided in June 2023 to commit £60 million to a new Local Impact Fund focused on the South West called Greencoat Wessex Gardens fund, managed by Greencoat Schroders.