Greater Manchester Pension Fund (GMPF) has had a programme of local and impact investments for a number of years and was recognised in the Impact Investing Institute's white-paper on placed-based impact investing as the only Local Government Pension Scheme (LGPS) fund to have an explicit allocation to place-based impact investing.
While financial returns can be measured relatively easily, the positive impact that has been achieved can be a little more difficult to measure. The Good Economy are a respected Impact Advisor, producing Impact Reports for some of GMPF’s Local Investment Fund Managers and other LGPS Funds. GMPF commissioned The Good Economy to prepare an independent report to assist us in measuring the impact that has been achieved from our Local Investment Portfolios.
The report concludes that ‘GMPF has a balanced local investment portfolio across asset classes that is meeting its impact objectives of contributing to job creation and place-based local and regional economic development’.
The Good Economy report is available at the following link:
Place-Based-Impact-of-GMPF-Local-Investment-Portfolios-Sept-2023.pdf