Housing

The impact investor hopes the government support will help attract further private investment that will help the fund to grow to some £50m.

The fund is targeting £200m and plans to build sustainable and affordable homes in Greater Manchester for essential workers being priced out of the region’s booming housing market.

The fund managers have launched a joint venture to invest €75m into the development of affordable and socially and environmentally sustainable housing in the Benelux region.

The newly elected government has met leading figures from the country’s impact investment sector in a bid to mobilise funding for housing and other social priorities.

Social infrastructure plays a key role in the long-term asset allocation of the UK’s local government pension funds, according to a new study.

Commitments from several regional pension schemes have boosted the fund’s capacity to invest in the development and acquisition of affordable housing in the UK, where there is an acute shortage.

London CIV, Big Society Capital and Schroder BSC Social Impact Trust among investors behind the £123m first close of Savills’ Simply Affordable Homes fund which aims to help tackle the country’s rental crisis.

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A £10m commitment from the social impact investor bolsters a fund expected to finance thousands of new homes and which has now made its first deployment.

There is massive shortage of affordable housing in the UK and the characteristics of the asset class are ideal for institutional investors. Pension funds are attracted to the prospect of stable long-term income to match liabilities.