A £25m Invest to Grow Fund has been established by Basingstoke and Deane Borough Council as a new approach to investment to support a wide range of commercial and regeneration property and infrastructure projects within the council’s area.
The fund will provide debt or equity finance towards viable development projects. The fund’s primary focus is to support local growth, ensuring the region benefits from improved employment opportunities, enhanced infrastructure and regeneration.
The fund is advised by CBRE Indirect Investment Services Limited, the FCA regulated arm of CBRE, and chaired by Basingstoke and Deane Borough Council.
Councillor John Izett, Cabinet member for Property and Development at Basingstoke and Deane Borough Council, said: “We are an ambitious, fast-growing borough with a wide array of new commercial, residential, leisure and infrastructure projects already underway or planned. It is right that we should use our financial resources as a council to encourage and assist new investment and thereby enable the creation of more jobs, housing and modern commercial premises. I am pleased that we are launching this innovative new fund and look forward to its success in the years ahead”.
Anthony Martin, Executive Director at CBRE, and the Investment Advisor for the Invest to Grow Fund, said: “We are delighted to have advised Basingstoke and Deane Borough Council on the launch of this valuable and worthwhile fund. The fund can provide debt or equity, structured to meet the particular needs of a project with the core focus being to provide much needed capital to stimulate local development activity and leverage private sector investment in support of regional growth. All investments will be fully repayable and reinvested into further projects which meet the fund’s investment criteria and continue to support Basingstoke and Deane Borough Council’s growth strategy. The fund has an initial capital allocation of £25m ready to deploy and is now open for applications.”« Back to news
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