One of the UK’s largest asset managers, M&G, has announced plans to invest £1 billion into the UK economy over the next three to five years.
In addition to investing in the housing market, M&G will also be looking to support regeneration projects, infrastructure and innovative companies.
It will launch two funds, the M&G UK Social Investment Fund and the M&G Catalyst Growth Equity Fund, that will channel capital from pension funds and institutional investors.
These include the British Business Bank, Local Government Pension Scheme and Scottish Borders Council Pension Fund.
The Social Investment Fund will be managed by M&G’s private markets business and will focus on “positive social outcomes… essential infrastructure… and community wellbeing”.
“By unlocking capital from British savers and international partners, M&G is poised to build critical infrastructure, support the growth of British businesses, while laying the foundations for a more productive, sustainable economy and stronger communities across the country,” said Andrea Rossi, M&G chief executive.
