Place-based inequalities are more extreme in the UK than in most comparable economies and have persisted for generations. Meanwhile, the pandemic coupled with Brexit have moved this seemingly intractable reality to the centre stage of public debate.

With the costs of the “Levelling Up” agenda expected to exceed £1 trillion over the next 10 years, there is a clear need for private capital to be mobilised alongside public investment.

Led by The Good Economy, the Impact Investing Institute and Pensions for Purpose, the place-based impact investing project was set up to explore how to scale-up institutional investment into opportunities that would connect capital to place. These investment opportunities include social and affordable housing, small business finance, clean energy, infrastructure and regeneration.

While the initial phase of the project has focused on the role of the £326bn Local Government Pension Scheme, PBII has the potential to become a new paradigm or lens for all kinds of investors. As such, this project offers exciting potential to anyone interested in exploring how investment can yield financial returns, as well as generating social and environmental impact to enhance local economic resilience and sustainable development.

The project has been funded by the Department for Digital, Culture, Media and Sport; City of London Corporation; and Big Society Capital.

Speakers

Jamie Broderick (moderator)

Director and Lead Expert, Impact Investing Institute

Sarah Forster

CEO and Co-Founder, The Good Economy

Sarah Teacher

Executive Director, Impact Investing Institute

Mark Hepworth

Research and Policy Director and Co-Founder, The Good Economy

Paul Stanworth

Principal Advisor, The Good Economy

Karen Shackleton

Founder, Pensions for Purpose & Non-Executive Chair, Resonance

New research out now

White Paper: Scaling up institutional investment for place-based impact

Our joint white paper “Scaling up institutional investment for place-based impact,” based on the collaborative “Place-Based Impact Investing Project (PBII)” by the Impact Investing Institute, The Good Economy and Pensions for Purpose, sets out the case for institutional investors to adopt a “place-based lens.”