Overview

• The 20-member investor group will be established Tuesday at the Regional Investment Summit in Birmingham in partnership with the Government and the City of London Corporation.
• Legal & General has pledged £2 billion by 2030 for UK regeneration, targeting around 10,000 social and affordable homes and an estimated 24,000 jobs.
• Nest will allocate £500 million to Schroders Capital, with about £100 million expected for UK assets over coming years, and will invest £40 million to extend reliable rural broadband.
• AustralianSuper has launched a UK living platform focused on rental homes and intends to increase its investment in the UK housing market.
• Members include Aegon, Aviva, Legal & General, Nest, Phoenix Group, Royal London, USS, Rothesay and the Pension Protection Fund, with detailed deployment plans to be developed at the summit.