Local authority funds urged to increase UK impact investment - The Good Economy, the Impact Investing Institute and Pensions for Purpose

Coverage from Pensions & Investments on the recent white paper looking at mobilising local government pension scheme (LGPS) and wider pension fund investment in place-based sectors across the UK.

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Local authority pension funds should invest £16 billion ($22.5 billion) in impact opportunities to help the UK to "level up" and recover from the pandemic.

Research by the Place-Based Impact Investing Project — led by social advisory firm The Good Economy, the Impact Investing Institute and Pensions for Purpose — said just 5% of the £326 billion in local government pension schemes could be mobilized to make a difference.

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