British Land backs $30m Social Impact Fund

British Land, the largest direct owner and operator of retail park space in the United Kingdom, is committing to a £25 million ($30 million) Social Impact Fund by 2023.

The Social Impact Fund focuses on the three areas where British Land believes it will have the greatest positive impact: education, employment and affordable space at “priority places,” which include Broadgate, Regent’s Place, Paddington Central, Canada Water, Ealing Broadway, Fort Kinnaird, Meadowhall and Teesside Park. In these locations, British Land will aim to deliver at least £10 million ($12 million) of affordable workspace, retail space, community and arts space across its portfolio by 2030.

Since 2021, British Land has delivered more than £2.9 million ($3.5 million) of affordable space alongside partners such as Thrive at Canada Water and New Diorama Theatre at Broadgate as part of its social impact strategy.

“We recognize that our places thrive when local people and organizat