Directing impact capital into underinvested communities across the UK

Directing private impact capital to underinvested places has been shown to be an effective way to raise living standards, provide economic opportunity, and build thriving, inclusive communities. So it has become a core pillar to our UK focused impact work.

Acting together for impact

Our place-based impact investing programme focuses on bringing together a range of actors including the Local Government Pension Scheme (LGPS), Community Development Finance Institutions (CDFIs), fund managers, pension consultants, local authorities, and communities to encourage investment into cities, towns, and regions across the UK.

We bring potential investors and communities together to create place-specific investment opportunities:

  • Partnering with local authorities – In our first pilot project, we partnered with Wakefield Council in West Yorkshire to identify local projects with the potential to attract private investment. We then helped them to match with investors looking for place-based investment opportunities.
  • Community Development Finance Institutions –  CDFIs are local, non-bank lenders serving people, businesses and social enterprises that cannot get the finance they need from banks. We help CDFIs take on more institutional investment that can be channelled into local enterprises.
  • A Place Coalition – We set up a Place Coalition to bring together voices from across the investment world, the social sector, local authorities, and other stakeholders. Through the Coalition, members can share their expertise on place-based impact investing and support, champion, and challenge the Institute’s work in this area.
  • Advocacy – We continue to promote place-based impact investing among policymakers and regulators to raise awareness of its potential to address many social challenges and build better futures in communities across the UK.

Project lead

Mark Hall

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