Octopus Capital has raised an additional £100 million (€113.44 million/$131.57 million) for its Affordable Housing Fund.
This latest round includes £50 million (€56.71 million/$65.78 million) from the Scottish National Investment Bank. As an impact investor, aiming to secure both commercial returns and societal benefit, the bank’s funding is aligned to its mission to invest in places transforming communities and supporting people to thrive.
Octopus’s Affordable Housing Fund is focused on delivering high-quality, energy-efficient affordable homes across the United Kingdom. The fund invests in new-build developments, with a strong emphasis on social impact, community benefit and sustainability.
In a first for the fund and Scotland, the investment will introduce an intermediate rent tenure where both rent and energy costs will be discounted by around 20 percent compared to market renting. The bank’s capital will all be deployed in Scotland and will enab
