The Good Economy (TGE) was engaged by AEW UK in 2022 to set up an Impact Measurement and Management (IMM) Framework for what was then called the RRF. The RRF had launched in 2016, with a strategy to invest in a range of real estate sectors aiming to align the real benefits of property with the needs of long-term savers.

With a view to leveraging the positive place-based impact potential of real estate investment, AEW UK commissioned TGE to design a formal approach to convert this existing strategy into one that could credibly claim to be an ‘impact’ fund – as a result of which the AEW UK Impact Fund was launched.