We have published our first Local Investment Impact Report
We have published a new report showing how we are investing in the West Midlands to support local communities and deliver long-term value for our members.
The report was produced in partnership with The Good Economy, an independent impact advisory firm. It uses the Place-Based Impact Investing (PBII) Reporting Framework, which helps pension funds like ours measure and report how investments benefit local areas.
As at 31 December 2024, we have invested £203 million directly into the West Midlands Combined Authority area. This includes funding for housing, infrastructure, commercial property, and small businesses, helping to create jobs, build homes, and improve services.
Key highlights from the report:
- Over 22,000 jobs supported, with more than 250+ new jobs created
- 4,900+ homes delivered, including affordable and energy-efficient housing
- Investments in hospitals, schools, and digital infrastructure
- Support for local businesses in healthcare, green technology, and manufacturing
These findings are based on the portion of our portfolio that was analysed. While this does not cover all of our holdings, it gives us a strong starting point to understand our local impact and where we can go further.
We are now working to further develop our local investment strategy and will continue to collaborate with LGPS Central, our fund managers and regional stakeholders to make sure local priorities are embedded in our approach.
For more information please view the full report.