New research from Alpha Real Capital, the specialist manager of secure income real assets with more than £1 billion (€1.2 billion/$1.3 billion) invested in social real estate, reveals that 89 percent of Local Government Pension Scheme (LGPS) fund professionals in England and Wales said their funds are planning to increase their allocation to local social investments over the next few years.
“Our research shows clearly that LGPS funds are very much focused on increasing their level of local and social investing, and the impact of this could be huge. Indeed, if only 5 percent of LGPS funds’ combined assets were allocated to local investment, this would unlock as much as £16 billion [€19 billion/$20 billion] for investment in assets that contribute towards positive social outcomes,” said Stuart Hanson, client solutions, Alpha Real Capital.
When asked for their fund’s definition of local investing, 54 percent said it was within their local council area, 26 pe