Legal & General (L&G) has announced a £2 billion ($3 billion) impact investment that will be used to accelerate regional growth and regeneration across the United Kingdom.
The investment will be deployed into infrastructure, affordable housing and urban regeneration assets during the next five years. This supports the U.K. government’s goals of driving regional and national growth by using investment from pension funds in conjunction with public funding, according to L&G. Funds will be allocated based on local needs and demand.
“As a long-term investor in the U.K. economy, L&G has a proud history of using pension capital to develop assets that deliver strong financial returns and lasting social impact,” said António Simões, group CEO of L&G. “Our £2 billion ($3 billion) commitment will help unlock the investment needed in productive assets across the country, creating jobs, strengthening communities, and driving both regional and nationa
