Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions she has had with relevant stakeholders on targets that have been set for the UK Social Investment Fund in terms of measurable outputs for each of the next three financial years.

The Social Investment Fund was launched by M&G on 21^st January and aims to invest up to £1 billion into the UK economy over the next three to five years to support new affordable homes, regeneration projects and infrastructure. This commitment aligns with the Government’s aim to encourage LGPS assets to be invested to boost UK economic growth.

The Chancellor has discussed the fund with M&G and supports their intention to align it with the government’s Missions including urban regeneration, clean energy and essential infrastructure that improves health and community wellbeing.

It is private finance and M&G will manage the fund in the best interests of investors, to deliver measurable impact across the UK.