Question to the Department for Business and Trade:

To ask His Majesty's Government what performance indicators and evaluation mechanisms have been established for each fund supported by the Long-term Investment for Technology and Science (LIFTS) initiative; and what outputs have been delivered to date by the Schroders Capital LIFTS initiative, including the number of companies backed and capital deployed.

Schroders Capital invest across companies that are pioneering the development of long-term innovation themes such as life sciences and artificial intelligence. Following approval from the UK's Financial Conduct Authority in September 2024 to launch the first ever Long-Term Asset Fund (LTAF) dedicated to UK venture capital, Schroders Capital began making its first investments in January 2025.

As a new Fund, it is too early for data analysis to have taken place. UK businesses which have received investment include AI companies Synthesia and Luminance. Deployment of funds is overseen by the investment committee at Schroders Capital with monitoring by the British Business Bank.