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UK Partnership Launched for Local Impact Investing

The Place-Based Impact Investing Network has been established to help UK local authorities and institutional investors to improve investment flows which support “local economic resilience, prosperity and sustainable development”. The network was co-founded by The Good Economy, the Institute for Economic Development and the Impact Investing Institute, and builds on a 2021 white paper developed with Pensions for Purpose. It is intended to create a trusted environment where local authorities and specialist investment managers can develop innovative financing solutions to scale-up institutional investment. Founding members of the network include 11 local authorities and a range of investors including Columbia Threadneedle, Gresham House, Octopus Investments, Schroders and Triple Point. Initially focused on relationship building, the network aims to establish norms and practical guidance to support the wider roll out of place-based impact investing across the UK. Place-based impact investment centres on investments that yield appropriate risk-adjusted financial returns as well as positive local impact, addressing the needs of specific places to enhance local economic resilience, prosperity and sustainable development. “Directing private impact capital to under-invested places across the UK has been shown to be an effective way to raise living standards, provide economic opportunity, and build thriving, inclusive communities,” said Kieron Boyle, CEO of the Impact Investing Institute.

 

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