Laura Sharman 19 February 2020

Legal & General commits £100m pension money for affordable housing

Insurance giant Legal & General has provided £100m of long term debt financing to its affordable housing business.

It said the deal opens the door for UK pension money to back the provision of affordable housing.

It is providing an extra £175m of development finance to support the delivery of 3,5000 homes.

Nigel Wilson, CEO of Legal & General, said: ‘Legal & General’s continued activity in the affordable housing sector demonstrates our unique ability to create real assets which match our long term pension liabilities, recycling the UK’s hard earned savings and pensions to support those most in need in society.

‘We have already directly invested over £22bn into new homes, urban regeneration, clean energy and transport infrastructure. Bringing in pension fund capital gives us the scope to do even more. This is inclusive capitalism at its best.’

SIGN UP
For your free daily news bulletin
Highways jobs

Technician

Wiltshire Council
£29,269 - £31,364
The Streetscene team plays a pivotal role in delivering front Line services through the Amenity Contract. Wiltshire
Recuriter: Wiltshire Council

Heavy Goods Vehicle Mechanic

Derbyshire County Council
£27,507 - £29,418
We are looking for a highly motivated Heavy Goods Vehicle Mechanic to join our County Transport team County Transport, Brimington Road Chesterfield
Recuriter: Derbyshire County Council

B2B Account Executive - Health Sector

Spacehouse
£25,000.00-£28,000.00 per year plus commissions – in the region of £40,000 pa OTE.
The opportunity to lead on a brand-new media title, which is being launched by a respected publisher with over 125 years experience. Hybrid working
Recuriter: Spacehouse

Senior Lawyer (Property)

West Northamptonshire Council
£46,878 - £50,071
Are you ready to take the next step in your career, in an organisation where you will be supported to excel professionally? If so, join the new Legal Team at West Northants Council, one of the newest and the fourth biggest Unitary Councils in England. We Northampton
Recuriter: West Northamptonshire Council

Service Lead (Systemic and Workforce) - Children’s Services

London Borough of Richmond upon Thames and London Borough of Wandsworth
£66,318 - £80,874 per annum

Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Linkedin Banner

Partner Content

Circular highways is a necessity not an aspiration – and it’s within our grasp

Shell is helping power the journey towards a circular paving industry with Shell Bitumen LT R, a new product for roads that uses plastics destined for landfill as part of the additives to make the bitumen.

Support from Effective Energy Group for Local Authorities to Deliver £430m Sustainable Warmth Funded Energy Efficiency Projects

Effective Energy Group is now offering its support to the 40 Local Authorities who have received a share of the £430m to deliver their projects on the ground by surveying properties and installing measures.

Pay.UK – the next step in Bacs’ evolution

Dougie Belmore explains how one of the main interfaces between you and Bacs is about to change.