The challenge
The UK faces a significant shortage of affordable homes, with an estimated investment of £250 billion needed by 2031 to address this shortfall.
Our approach
BSC invests into best-in-class social property funds capable of attracting institutional capital at scale to unlock new, affordable housing supply.
The Fund
The Fund seeks to increase the supply of affordable housing in the UK by developing new properties and purchasing new properties from developers. Properties are then leased to Housing Associations (HA’s) and Councils on terms between 9 and 40 years. The Fund aims to form partnerships with HA’s and Councils early in the property development process and develop schemes that meet organisational and tenant needs. The fund will deliver affordable and social rent, as well as shared ownership homes, with a target of 70% affordable housing.
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Fund size
£235 million (final close) -
Better Society Capital commitment
£20 million
Key information
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Geography
UK wide -
Investment type
Property -
Fund manager
Man Group -
Investment status
Current -
Investment date
2021 -
Term
10 years
Sustainable development goals
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1: No Poverty End poverty in all its forms everywhere -
3: Good Health and Well-being Ensure healthy lives and promote well-being for all at all ages -
7: Affordable and Clean Energy Ensure access to affordable, reliable, sustainable and modern energy for all -
10: Reduced Inequality Reduce inequality within and among countries -
11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable