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.