Wedoany.com Report-Oct. 26, Legal & General (L&G) has committed £2 billion ($2.68 billion) in impact investments by 2030, focusing on housing, infrastructure, and urban regeneration projects across the UK. The initiative aims to support the UK Government’s goal of promoting economic growth in various regions.

The intention is to aid in the delivery of around 10,000 new social and affordable homes across the UK.

The investment will target infrastructure projects, affordable housing developments, urban regeneration schemes, retrofitting homes, and the creation of knowledge economy hubs. L&G expects these projects to deliver around 10,000 new social and affordable homes and generate approximately 24,000 jobs nationwide, including direct roles, related positions, and employment resulting from increased economic activity.

L&G has a longstanding record of collaborating with public sector organisations. Through this programme, the company will assist local and combined authorities in advancing their economic development plans. The allocation of funds will consider local needs and demand, with each project designed to achieve both financial returns and broader societal benefits. The company highlighted that pension fund investments will be combined with public funding to deliver large-scale housing and infrastructure initiatives.

UK Chancellor of the Exchequer Rachel Reeves said: “This is about getting Britain building again – bringing our savings, our investors and our regions together to deliver the homes, infrastructure and industries that will drive growth and create good jobs in every corner of the country.”

The announcement comes ahead of the first Regional Investment Summit in Birmingham. At the summit, a group called the Sterling 20, composed of 20 major UK pension providers and insurers, will meet to discuss funding for infrastructure projects nationwide. Working with the government, the group will use over £3 trillion in assets to support growth in all regions.

Reeves added: “Our country’s pension funds are some of the biggest in the world. When they invest in Britain, everyone benefits – from the construction worker on site, to the small business on the high street, to the saver seeing their pension grow. Sterling 20 shows what can be achieved when we all pull in the same direction to build a stronger economy that works for, and rewards, working people.”

L&G’s investment strategy highlights a coordinated approach to regional development, linking financial resources with projects that promote housing, infrastructure, and employment. By focusing on local needs and integrating public and private investment, the initiative seeks to drive sustainable economic growth and improve social outcomes across the UK.

This programme is expected to create a positive impact on communities, strengthen local economies, and provide long-term benefits while supporting the delivery of high-quality housing, upgraded infrastructure, and urban renewal projects. It reflects a strategic use of capital to achieve measurable social and economic results while fostering nationwide development.