UK ‘place-based impact investing’ initiative launches

Fund managers in key place-based sectors say it’s easier to raise capital from foreign investors than UK local pension funds

A UK-government backed white paper has called on the £326bn Local Government Pension Scheme (LGPS) funds to allocate 5% to local investing after finding only a small fraction of UK pension money is invested directly in driving UK sustainable development.

The white paper, Scaling U…

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