Scottish Borders Council Pension Fund has committed £30 million ($40.7 million) to the new U.K. Social Investment Fund launched by M&G.
This investment is contributing to M&G's ambition to unlock more than £1 billion ($1.4 billion) of long-term investment during the next three to five years in affordable housing, regeneration, clean energy and essential infrastructure across the United Kingdom.
The commitment positions the council pension fund as one of the first investors in the M&G U.K. Social Investment Fund, which aims to deliver positive social and economic outcomes while generating long-term returns for pension members. The fund will support projects that improve community wellbeing, provide affordable homes, decarbonize infrastructure and stimulate local economic growth.
The financing will bring institutional capital into projects across the United Kingdom, including opportunities to work with local authorities and housing providers on purpo
