LGPS Central invests in regional airports
Published: November 4, 2025
LGPS Central, with investment from West Midlands Pension Fund and Cheshire Pension Fund and in partnership with Macquarie Asset Management, has begun co-investing in regional airports across the UK.
As part of this partnership, the pool will be providing investment for the likes of Birmingham Airport, Bristol Airport and London City Airport.
The move, it says, reinforces the importance of “long-term, responsible capital” in supporting UK infrastructure, regional connectivity and economic growth.
LGPS Central chief executive Richard Law-Deeks said: “These airports are critical gateways for regional economies, connecting communities to trade, tourism, and opportunity.
“As an LGPS pension pool, with assets in future expected to be upwards of £100bn, this investment demonstrates the power of collaboration between UK LGPS pension funds and global infrastructure partners to deliver long-term value and positive regional outcomes.”
Sean Greene, head of Cheshire Pension Fund, added: “This co-investment highlights the role that UK pension funds can play in supporting essential national infrastructure while contributing to regional growth and connectivity.”
This announcement also coincides with the recent West Midlands Regional Investment Summit.
West Midlands Pension Fund’s director of investment Paul Nevin said: “The investment reflects our commitment to long-term, responsible investment that delivers for our members and the wider economy.
“Working through LGPS Central, we’re proud to have played a leading role in creating the co-investment vehicle, supporting this and future infrastructure investments. Strengthening regional infrastructure, including Birmingham Airport, supports jobs, connectivity and sustainable growth across the Midlands and beyond.”
