UK’s £150 Billion Funding Gap Needs Private Capital, City Says

The UK should go further to attract private investment into British assets, according to a City of London Corporation report that highlighted £150 billion ($204 billion) in unmet funding needs over the next five years.

The financial district’s governing body on Tuesday pointed to a £15 billion yearly gap in capital that smaller companies need to expand, as well as a similar shortfall in infrastructure investment.

“The cost of inaction is measured not just in missed opportunities, but in lower productivity and slower growth,” said Chris Hayward, policy chairman of the City of London Corporation.

Hayward called for a clearer ...