UK government housing and regeneration agency Homes England has made a 拢50m (鈧�60m) commitment to Schroders Capital鈥檚 UK real estate impact fund.
The Real Estate Impact Fund (SCREIF) seeks to generate both positive social and environmental outcomes while providing investors with appropriate risk-adjusted returns.
SCREIF, which has a residential-led approach aims to address the shortage of social and affordable housing and revitalise town centres. The fund prioritises investments in accessible and resilient locations with proximity to green spaces, public transportation, schools and healthcare facilities.
Chris Santer, impact fund manager at Schroders Capital real estate, said: 鈥淭his investment by Homes England is a clear indication of the absolutely vital role this fund is looking to play in the UK by delivering real and tangible change. Our homes, and the built environment around us, impact our daily lives.
鈥淲e believe this allocation from the public sector will be catalytic in unlocking further institutional investments, boosting broader confidence and interest in this key sector meaning the fund can enable more communities to thrive across the UK.鈥�
Peter Denton, CEO of Homes England, said: 鈥淭his is a brilliant example of how public and private-sector organisations can get behind a clear and common aim 鈥� namely, supporting social justice and thriving communities. Our commitment aims to help spark deep and diverse market investment from a range of institutions.
鈥淔undamentally, this is about coming together to accelerate regeneration and the creation of affordable, high-quality homes within sustainable, thriving places that people, especially those in more deprived areas, want, need and deserve.鈥�
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