Published: November 05, 2025
With capital commitments from our Partner Funds, West Midlands Pension Fund and Cheshire Pension Fund, we have worked alongside Macquarie Asset Management to co-invest across a portfolio of key UK regional airports: Birmingham, Bristol, and London City.
The investment underscores the growing role of the Local Government Pension Scheme (LGPS) in supporting long-term UK infrastructure. These airports are critical to the nation’s economic connectivity, enabling trade, tourism, and business activity while supporting jobs and inclusive regional growth.
This collaboration exemplifies how strong regional networks, established partnerships, and the pooling model can deliver impact at scale. Working closely with the West Midlands Pension Fund and its regional partners, LGPS Central was able to create the co-investment structure, drawing together interested Partner Funds to enable efficient capital deployment into strategically important UK infrastructure.
This announcement coincides with the recent West Midlands Regional Investment Summit, where public and private stakeholders explored how local capital and institutional partnerships can help deliver sustainable growth across UK regions.
The team’s work made clear that to drive meaningful progress in sectors such as aviation, it is essential for long-term investors to have a seat at the table, engaging directly to influence operational standards, carbon reduction efforts, workforce development, and community outcomes.
By combining the strength of local pension fund investment with specialist infrastructure management, this co-investment supports the ongoing development, resilience, and sustainability of assets that connect people and businesses throughout the UK and beyond.
