
Strategic Advisory Services
Helping asset allocators, fund managers and public sector leaders with local investing
The call for more local investment grows stronger: from governments, communities, and pension beneficiaries. LGPS pools, DC schemes, endowments and local authorities are under pressure to direct more capital into local infrastructure, high-growth businesses and projects that strengthen local economies.
- But what does a credible local investment strategy really look like?
- How do you find investable opportunities across different asset classes?
- And how do you evidence outcomes in ways that stand up to scrutiny?
At The Good Economy, we provide expert strategic advice for asset allocators, fund managers and public bodies. Our work helps clients design and deliver place-based impact investing (PBII) strategies that are practical, evidence-based and aligned with local investing policy priorities.
Place-Based Impact Advisory Services
Local Investment Strategy Design
Building frameworks that are robust, actionable and tailored to your stakeholders.
Market Insight and Benchmarking
Drawing on our leadership in PBII Reporting, the market standard for evidencing local investment, to demonstrate how and where capital is invested and the outcomes achieved.
StakeholderAlignment
Shared roadmaps that connect funds, managers and public authorities.
New White Paper Launched
Scaling-Up Local Investing for Place-Based Impact
The Good Economy has published its new white paper, ‘Scaling-Up Local Investing for Place-based Impact: A Strategic Framework and Guidance for LGPS’, which aims to usher in a new era of place-based investing, arguing that the UK needs a stronger domestic economy rooted in inclusive, long-term growth.
The white paper has received wide support and is sponsored by seven of the LGPS, representing almost all Administering Authorities in England and Wales, Pensions UK, a number of LGPS and AAs, as well as a range of fund managers.
Examples of our work
Strategies for Place-Based Prosperity
The Good Economy has worked with a range of place-based organisations to help them understand their role in the local investing ecosystem, and how they can work with partners to attract institutional investment into their region to help address local priorities. Clients include the Scottish National Investment Bank, Cardiff Capital Region and the Midlands Engine.
PBII Reporting
Evidence that builds credibility
Alongside strategy, we provide independent PBII Reporting Services. Developed by The Good Economy in collaboration with industry partners, the reporting framework offers clear, standardised evidence showing how and where economic investment is deployed, and the potential positive impact, building confidence and accountability for both asset owners and public bodies.
The government’s ‘Fit for the Future’ reforms now require all LGPS pools to report on the extent and impact of their local investments annually. Our industry-led PBII Reporting Framework provides the proven, credible, and consistent solution you need to meet this mandate with confidence.
The outcome
Clarity on priorities. Credible strategies that withstand scrutiny. Greater confidence to mobilise capital for local economic investment that delivers long-term value, for both beneficiaries and the places they live.
"I have been hugely impressed by the expertise of TGE's team and their willingness to co-curate and co-deliver a bespoke service. They have exceeded my expectations and delivered real value."Sajid Butt Head of Policy, Intelligence and Communications Enterprise M3 Local Enterprise Partnership
“We have been very pleased to work with The Good Economy to gain a much deeper understanding of how our investments interact with places and the positive impact they make in those communities.” George Graham, Director, South Yorkshire Pensions Authority
“I have really enjoyed being part of the PBII Labs and we have found the labs and follow up really helpful and productive.” Jonathan Digges, Chief Investment Officer, Octopus Investments
“Our Lab with the investors was a really well facilitated session with a strong investor audience that created a really useful discussion.”James Binks, Assistant Chief Executive, Manchester City Council
“Joining the PBII Network gives us the opportunity to learn from others, shaping the future of regeneration.”Sir Michael Lyons, Chair of ECF
"The 'Scaling up Institutional Investment for Place-Based Impact' white paper established the terms of discussion on PBII in the UK, and directly influenced the government's Levelling Up agenda." Jamie Broderick, Deputy Chair, Impact Investing Institute
PBII Labs
Following the publication of our hugely influential 2021 white paper on place-based impact investing, we held a series of PBII Labs across the country so that we could practically engage directly with the market to make change happen on the ground. We wanted to test our theory and use the Labs as a catalyst for change – using our knowledge and relationships with investors to help build a shared understanding of local problems and facilitate collaborative and innovative ways of working that would unlock productive forms of investment to benefit local communities – connecting capital to places.
South Essex
The Lab with South Essex Councils (SEC) considered a number of finance-related net zero challenges and how multi-sectoral collaborations could support the delivery of the South Essex 2050 vision, including housing retrofit.
Manchester
The Manchester Lab focused on the challenge of how to finance the reprovision of social housing in the context of wider estate regeneration and new affordable housing development. This is a national challenge that faces not only Manchester but cities and towns across the country.
Bath
Dunoon
For Dunoon the Lab looked at the challenge of how to finance community-led regeneration in a coastal town that has gone through a period of decline, a problem faced by many coastal and rural towns across the country.
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