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Call to use a multi-billion pound pension fund to benefit Inverclyde wins unanimous support

A CAMPAIGNING councillor s call to use a multi-billion pound pension fund to benefit Inverclyde has won unanimous cross-party support. Colin Jackson wants a fundamental shift away from using global investment firms, and to instead have millions of pounds pumped directly into the district in order to eradicate abject levels of deprivation. The Labour man s motion to a meeting of the full council won universal support from elected members, who are now set to lobby for a complete overhaul in the way the £24 billion Strathclyde Pension Fund is run. Councillor Jackson who is seeking a new investment strategy through Inverclyde s Community Wealth Building (CWB) programme said: There is now growing support for our CWB strategy and agreement that the pension fund should be using its extensive funds to invest in Inverclyde.

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