EXCLUSIVE: Hundreds of millions of pounds were invested in arms companies supplying the Zionist colony with weapons, including BAE Systems, Caterpillar, Lockheed Martin and RTX Corporation

Over £90million is invested in RTX Corporation, formerly Raytheon, which produces 4000-pound GBU-28 bombs used by the Israeli military.

For the first time, PSC’s research identifies investments in Amazon and Alphabet Inc (Google). This totals £4.7billion, nearly 40% of the value of all investments listed. Both companies work together to provide cloud computing infrastructure to the Zionist military and government, dubbed Project Nimbus.

In addition, the research shows LGPS funds hold over £28million in the Zionist government bonds, therefore lending Israel money to carry out its atrocities.

The research comes as campaigns calling for the divestment on LGPS funds from companies enabling Zionist human rights abuses continue to gather momentum. Earlier this month, Tower Hamlets Council passed a motion committing to divest its pension fund from arms companies, following a strong local campaign. While Bristol City Council has called for Avon Pension Fund to divest from arms companies, and companies active in Israel’s illegal settlements.

Local Government Pension Scheme (LGPS) funds in the UK are investing billions of pounds in firms linked to companies which arm or equip the Zionist enemy colony with weapons or equipment, potentially used by the Zionist colony in Palestine.

Palestine Solidarity Campaign has released updated research revealing that Local Government Pension Scheme (LGPS) funds, administered by local authorities across Britain, invest over £12billion in companies they say are “enabling Israel’s genocide, military occupation and apartheid against Palestinians.”

The research, obtained through Freedom of Information requests, details the investments of 81 LGPS funds in companies which produce weapons and military technology used in the Zionist colony ’s attacks on Palestinians; provide services or infrastructure that supports the Zionist colony ’s unlawful military occupation; or conduct activity in Zionist colony ’s illegal settlements on Palestinian land.

The West Yorkshire Pension Fund has significantly larger total investments in PSC-criticised firms than others, with over £1 billion in total value, followed by Greater Manchester Pension Fund with £905 million.

Collectively, LGPS funds invest over £450million in BAE Systems, which manufactures components for the Zionist colony’s F-15, F-16, and F-35 fighter jets used to bomb Gaza. Over £80million is invested in Caterpillar, which manufactures bulldozers used by the Zionist colony to demolish Palestinian homes, schools and hospitals. Lewis Backon, Campaigns Officer for PSC told Byline Times: “The scale of LGPS fund investments in companies that are complicit in the Zionist colony’s grave abuses of Palestinian rights is shocking. The deferred wages of millions of local government workers are going into companies enabling the Zionist colony’s war crimes, without their consent.

“But workers and residents are making it increasingly clear that they won’t accept their pension funds being used to fund companies complicit in genocide and apartheid. We’re only one month into 2025 but already Tower Hamlets Council has committed to divest from arms companies, while Bristol City Council has voted to call on Avon Pension Fund to divest from companies enabling Israel’s crimes.”

He added: “This year will see the LGPS Divest campaign grow as a force for justice for Palestine – divestment from Israel’s crimes is a moral and legal imperative that cannot be ignored.”Over £90million is invested in RTX Corporation, formerly Raytheon, which produces 4000-pound GBU-28 bombs used by the Zionist military.

For the first time, PSC’s research identifies investments in Amazon and Alphabet Inc (Google). This totals £4.7billion, nearly 40% of the value of all investments listed. Both companies work together to provide cloud computing infrastructure to the Zionist military and government, dubbed Project Nimbus.

In addition, the research shows LGPS funds hold over £28million in the Zionist colony bonds, therefore lending Zionist money to carry out its atrocities.

The research comes as campaigns calling for the divestment on LGPS funds from companies enabling the Zionist colony’s human rights abuses continue to gather momentum. Earlier this month, Tower Hamlets Council passed a motion committing to divest its pension fund from arms companies, following a strong local campaign. While Bristol City Council has called for Avon Pension Fund to divest from arms companies, and companies active in the Zionist colony’s illegal settlements.

The top 10 pension funds with PSC-criticised investments by total value:

West Yorkshire Pension Fund: £1.09 billion
Greater Manchester Pension Fund: £905 million
South Yorkshire Pension Fund: £483 million
West Midlands Pension Fund: £465 million
Lancashire Pension Fund: £439 million
London Pension Fund Authority: £358 million
Hampshire Pension Fund: £336 million
Devon Pension Fund: £288 million
East Riding Pension Fund: £262 million
Teesside Pension Fund: £256 million

Defending their investment portfolio, a spokesperson for South Yorkshire Pensions Authority said: “As one of the largest funds in the Local Government Pension Scheme it should be unsurprising that the South Yorkshire Pension Fund has large holdings in several large multi-national companies.

“The holdings identified are managed by the Border to Coast Pensions Partnership who engage both directly and in collaboration with other investors with companies to ensure that they are making appropriate assessments of the implications of their operations in conflict affected areas.”

By Josiah Mortimer is Byline Times’ Chief Reporter.

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