The Good Economy

❓ What is #PlaceBased #ImpactInvesting (#PBII) and how does it work? ❓Who’s investing in place-based impact, and what are they looking for? ❓How does PBII apply to #housing and #regeneration? We grappled with these questions and more at yesterday’s PBII Network meeting and the "Housing Meets PBII" event in Manchester. The mood at both gatherings was positive, especially with the new government already citing PBII as part of their plan for ‘national renewal’. In the morning, the PBII Network considered the broad landscape of pension investment, and what’s required to bring more capital, more effectively to local places. We heard from Greater Manchester Pension Fund and West Midlands Pension Fund who are already shifting allocations to achieve local impact. In the afternoon, the Housing Meets PBII event focused on how PBII applies to housing and regeneration. TGE's Mark Hepworth set the scene by describing how investment needs to respond to the local housing ecosystem to meet the needs of communities. JLL and Resolution Foundation reflected on the market, the wider economy, and the impact of the recent election. We heard case studies from investors, and examples of how PBII has worked in practice through the ECF and beyond, digging into the cross-sector partnerships needed to make it work. A highlight was the appetite for collaboration among diverse stakeholders to drive private sector capital into local communities. Attendees emphasised the value of bringing together investors, pension funds, developers, housing association leads, the Regulator of Social Housing and more, all united by a joint purpose aligned with PBII. We're grateful to Trowers & Hamlins for hosting both events and jointly leading the Housing Meets PBII event, the Impact Investing Institute and the Institute of Economic Development for jointly leading the PBII Network event and Social for jointly leading the Housing Meets PBII event. Special thanks to all our presenters, panellists and guests for the insights they shared: Paddy Dowdall, Shiventa Sivanesan, CFA, Gary Tipper, Charlotte O'Leary, Richard Giles, Gregory Thwaites, Marcus Dixon, Claire Griffiths, Ian Slater, Theo Plowman, Adam Tutka, Gareth Francis, Simon Chisholm, Alyson Heald, Joe Stockton, Jonathan Goldstraw, Stuart Sage. More on our Place-Based Impact Investing work ➡️ https://lnkd.in/e-zZkrVV Pics via Luke Cross and Mark Hallett.

Our Consultant, Anna Haskins, will be speaking at Westminster Insight’s ESG Reporting in Housing online training on Monday 22nd July. Anna is a member of the team that supports Sustainability for Housing and the Sustainability Reporting Standard for Social Housing (SRS) community. She will discuss how the SRS enables housing providers to benchmark their performance, assess risks, enhance business resilience, and unlock financial investment. View the full programme and register now ➡️ https://lnkd.in/eid-zfBf 🛒 Use code SPKR4309 for a 20% discount! #HousingESGwm #ESG #ESGReporting #SocialHousing

Samantha Curtis, our Senior Consultant and Emerging Markets lead, is in Nairobi this week for the Africa Impact Summit and is excited to connect with leaders and experts who are making real changes to impact investing across Africa. She is looking forward to stimulating discussions and learnings about how we can mobilise private capital to address some of the most pressing needs on the continent. Please do say hello (especially if you’re interested in learning more about how The Good Economy can help organisations enhance and integrate impact into their reporting and strategic decision making)! The Africa Impact Summit is organised by GSG Impact, Impact Investing Kenya, and the Africa Impact Investing Group, consisting of the GSG National Partners. This year's theme is "Scaling Impact: Accelerating Action for the Africa We Want". More info ➡️ https://lnkd.in/duDRs7Sh #AfricaImpactSummit24 #TheAfricaWeWant #Impact #ImpactInvesting #ImpactManagement #ImpactReporting #SDGs

Thanks to the bespoke impact measurement and management (IMM) system we have designed, AEW's UK Impact Fund is ready to adopt the Financial Conduct Authority’s 'Sustainability Impact' label from day one, 31 July. The AEW UK Impact Fund (UKIF / the Fund) is an open-ended fund which is seeded with a diversified £100 million portfolio of UK impact assets comprising specialist supported living, key worker accommodation and care homes as well as community and residential-led town centre regeneration projects that make a positive contribution to wellbeing. Since 2022, Andy Smith, Ben Rosoman and colleagues in our Impact Services team have worked with Executive Director Edward L. and the AEW team to develop a comprehensive IMM system tailored to a place-based, mixed-asset real estate strategy. This system aligns with the best practice approaches described by Impact Frontiers, the traits of Place-Based Impact Investing and the UN Sustainable Development Goals. Additionally, we produce an independent annual impact report for the Fund. Check out the case study below for more. If you need personalised support to navigate the incoming Sustainability Disclosure Requirements (#SDR) and investment labels rules, explore our SDR Assessment service here ➡️ https://lnkd.in/ejKFRWam #AssetManagers #ImpactManagement #ImpactMeasurement #ImpactInvesting #SustainableInvesting #Greenwashing

🔎 With the increased focus on how pension funds are invested in the UK, it's clear that both LGPS and DC/DB pension funds need to take a closer look at their locally invested portfolios. Historically, the focus has been solely on financial returns, with little consideration for the locality or impact of these investments. While the fiduciary duties of fund administrators can not be underestimated, the need to invest for impact is now widely recognised. However, few pension funds know where or how their private market allocations are invested. The PBII Reporting Framework offers a solution. It provides a baseline analysis of where investments are made, allowing pension funds to make more strategic decisions going forward. By understanding the geographic distribution and impact of their investments, funds can align their strategies with broader social and economic development goals. This shift towards place-based impact investing is not just a trend, it's a necessity. It's about recognising that investments can do more than just generate returns, they can also contribute to national renewal. #PlaceBased #ImpactInvesting #PBII #Impact #ImpactReporting #PensionFunds #LocalAuthorities #LGPS

Good places need good homes, good education and good healthcare. To achieve this we need transformative investment at world-leading levels. With the new government pursuing a vision of "national renewal," #PlaceBased #ImpactInvesting (#PBII) presents a golden opportunity to rethink and redo investment as a driver for rebuilding the economy and communities Building on the practical experience of our PBII Innovation Labs, we have developed a comprehensive set of advisory services to help clients across the investment ecosystem identify, design and implement successful PBII approaches. For more on our PBII work ➡️ https://lnkd.in/dr_mJUX6 #SustainableDevelopment #SocialInfrastructure

Our Chief Executive, Sarah Forster, has joined the British Private Equity & Venture Capital Association (BVCA)'s Impact Investment Advisory Group. The group's activities include raising awareness of social impact investment, enhancing the skills of industry participants, and informing Limited Partners about the opportunities impact investment can offer. Private equity and venture capital funds aiming to generate positive social outcomes need a robust approach to defining and measuring their impact. Sarah looks forward to contributing learnings from our experience helping investors manage, measure, and communicate their social and environmental outcomes with confidence. More information: https://lnkd.in/evJNWsGt #VentureCapital #PrivateEquity #ImpactInvesting

We had a great time competing at the Bath Boules tournament last week while raising funds to support Bath-based charities and the local community. This event is now a highlight of our summer calendar. If your team is in or around Bath, we'd love to challenge you to a match! #Bath #BathBoules #Fundraising #Team

A historic day for the UK for sure. People have voted for change and the new The Labour Party government has the mandate to create a Good Domestic Economy. We’re pleased that our #placebased #impactinvesting (PBII) thinking is included in their vision for ‘national renewal’, but now the work really starts. #PBII as a paradigm for rethinking and redoing investment as a driver of change should be central to how the new government goes about rebuilding the economy and communities. Read our latest blog by Mark Hepworth on four big ideas we can get moving with immediately: https://lnkd.in/epydUN3t

🗓️ What will the new government mean for #PlaceBased partnerships and local investment opportunities to address the #housing challenge? Let's discuss next Wednesday in Manchester! The Good Economy, Trowers & Hamlins, and Social are bringing together a fantastic line-up of senior figures from housing, local government, and investment to answer key questions including: ➡️ What does the election result mean for place-based investing?  ➡️ How can place-based approaches drive better outcomes for communities and local economies?  ➡️ What is the right mix of housing to drive sustainable economic development?  ➡️ What is the role of impact investing in meeting the housing challenge?  ➡️ Where are we seeing the models of the future?  ➡️ What does a good place-based investment partnership look like?  ➡️ What role can local government pension funds play, both directly and via investment in housing funds? 🗣️ Our speakers include: Lindsay Judge (Resolution Foundation), Marcus Dixon, Director (JLL), Theo Plowman (British Property Federation), Tom Miskell (Accent Group Ltd, Pendleton Together), Ian Slater (Manchester City Council), Claire Griffiths (Cobalt Housing), Gemma Bourne (Better Society Capital), Paddy Dowdall (Greater Manchester Pension Fund), Alyson Heald (L&Q), Adam Tutka (Thriving Investments), Jonathan Goldstraw (The Hyde Group), Gareth Francis (Legal & General Affordable Homes), Simon Chisholm (Resonance Limited), Joe Stockton (Muse), Katie Saunders (Trowers & Hamlins), Luke Cross (Social), Sarah Forster, Mark Hepworth and Sam Monger (The Good Economy). Please feel free to share with fellow directors and RSVP as soon as possible, as places are filling up fast! 🏘️ Place-Based Investing Meets Housing  🗓️ Wednesday, 10 July 2024 🕛 12:00 PM - 4:30 PM 🔗 RSVP: https://bit.ly/3zfbGJn #UKHousing #HousingFinance #PBII #LocalAuthorities #LGPS