How LGPS can help drive economic growth in local places - The Good Economy, the Impact Investing Institute and Pensions for Purpose

This article from Room 151 discusses a research project by The Good Economy, the Impact Investing Institute and Pensions for Purpose, which considered how to mobilise local government pension scheme (LGPS) and wider pension fund investment in place-based sectors across the UK.

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Few of us would disagree with the sentiment of levelling up and build back better, say Room 151. The global pandemic and Brexit have combined to move place-based inequalities to centre stage in public debate. The need for more public investment is undeniable.  But to get anywhere close to what’s required for a so-called levelling up (a cool £1trn according to the UK 2070 Commission, led by Sir Bob Kerslake), we need a doubling up of public and private investment.

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