Examples of public and private capital investment in underserved places across the UK
The examples below show how public and private investors, as well as communities can come together when investing in places across the UK to raise living standards, provide economic opportunity, and build thriving, inclusive communities.
Borrow (Pension Pool) – The London Fund
The London Fund was launched in January 2020 as a collaboration between two LGPS investment pools – the London Collective Investment Vehicle (LCIV) and Local Pension Partnership Investments (LPPI) – to enable London LGPS funds to access investment opportunities in three of the PBII pillars – housing infrastructure and SME finance – across the Greater…
Buy – South Yorkshire Pension Fund
South Yorkshire Pension Fund is the eighth largest LGPS fund in the UK as of 2020. SYPA has a longstanding commitment to investing within the South Yorkshire region with the aim of generating a commercial return and positive local impacts. SYPA has made investments across all the key PBII sectors including SME finance, affordable housing…
Build – Greater Manchester Pension Fund
Greater Manchester Pension Fund (GMPF) is the largest LGPS in the UK and one of the only pension funds to have an explicit allocation to local investment with the twin aims of generating a commercial return and delivering a positive local impact.
Co-investment – L&G, MediaCityUK / Sleaford Renewable Energy Plant, Border to Coast Pension Partnership
Focusing on Media City in Manchester and Sleaford Renewable Energy Plant, this case study covers two co-investment examples led by Legal & General Capital and Border to Coast respectively.
Direct Investment – Nottinghamshire Community Energy
In 2016, Nottinghamshire Pension Fund invested £1.5 million in Nottinghamshire Community Energy (NCE). The pension fund’s investment provided longterm funding to help finance the construction and management of a solar farm with the aim of benefitting the local community.
Co-investment – Greater Manchester Property Venture Fund
The Greater Manchester Property Venture Fund (GMPVF) was created by the Greater Manchester Pension Fund in 1990. It is a specialised vehicle for the LGPF to invest in property developments in Greater Manchester and across the wider North West area which generate a commercially viable rate of return.
Listed Fund – Greencoat
Greencoat Capital is an asset manager which offers institutional investors the opportunity to invest into a diversified portfolio of UK and European renewable infrastructure assets delivering inflation-linked cashflows. It has successfully raised capital from a number of LGPS funds and represents a good example of how listed funds can bring scale to these key PBII…
Private Fund – Foresight Regional Funds
Foresight Group is a global investment manager which offers both private and public investment vehicles to institutional and retail investors. Foresight Group has products in the SME finance, clean energy and infrastructure PBII pillars.
Private Fund – Bridges Fund Management
Bridges Fund Management is a private markets fund manager specialising in sustainable and impact investment. They strive to make investments that contribute to the transition to a more inclusive and sustainable economy, predominantly in the UK to date.