The fund is an open-ended core product designed for institutional investors seeking a low risk, inflation-linked income stream whilst also delivering social impact.

Simply Affordable Homes RP will enable it to purchase existing stock through establishing strategic partnerships with housing associations and other registered providers, freeing up capital for them to develop more homes. 

The fund will also facilitate the delivery of new homes and through strategic partnerships with developers and housebuilders help create much needed affordable accommodation in the UK.

With an aim to facilitate a genuine social purpose with a positive impact, the fund operates under enhanced governance frameworks and a sustainable investment strategy.

Alex Jeffrey, CEO at Savills IM, commented: “The UK faces serious housing challenges, especially with regard to affordability, and this fund aims to help address this.

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“Investing in UK affordable housing provides opportunities for institutional capital to meet commitments to socially responsible investing and make a significant and positive impact, whilst achieving attractive returns.

Dominic Curtis, fund manager and CEO at Simply Affordable Homes RP, commented: “Our sourcing platform has multiple links to the existing sector and through our strategic partnerships with housing associations and other private developers, we hope to deliver much needed capital into the sector.”

Amelie Montague, investment director at Big Society Capital says: “We’re really pleased to support the launch of the fund as a cornerstone investor.

“We have the opportunity to tackle the UK’s affordable housing crisis at scale through partners like the Simply Affordable Homes Fund team who bring significant experience and track record in delivering affordable housing, have a strong impact management and measurement approach, and aim to deliver truly affordable, high-quality homes across the country.”