28 November 2016

Invest to Grow Fund

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

Recent news

05 April 2018

Basingstoke ‘Invest To Grow Fund’ forward funds new office for pharmaceutical giant Eli Lilly and Company

Basingstoke and Deane Borough Council has forward funded a new office in Basing View for one of Basingstoke’s most long-established international occupiers, Eli Lilly and Company, through its pioneering ‘Invest to Grow Fund.’ This is the first project to be supported by the ‘Invest to Grow Fund’, which is aimed at stimulating commercial property and […]

Read more »
02 February 2018

Government announces £10.3 million funding boost for Manydown infrastructure

The large integrated package of infrastructure needed for the Manydown housing development has been given a boost with the announcement of £10.3 million of Government funding. The announcement today (Thursday 1 February) by Housing Secretary Sajid Javid and Chancellor Philip Hammond names Manydown as one of the 32 council-led projects across the South East to […]

Read more »
22 January 2018

Plans for business-class hotel move a step closer

A planning application from Village Hotels, the fast growing hotel group with 29 hotels in the UK, has been submitted to Basingstoke and Deane Borough Council for a 153-bedroom hotel in Basing View. The hotel will offer residents and businesses meeting and events facilities, an all-day restaurant, Starbucks, pub, business club and leisure facilities. If […]

Read more »
16 January 2018

Major funding awarded to Basingstoke’s central business district regeneration

The transformation of Basing View, Basingstoke’s central business district, has received a £7.5 million investment boost from the Enterprise M3 Local Enterprise Partnership due to almost half of it having been designated as an Enterprise Zone in April last year. As part of the Basingstoke and Deane Borough Council’s work to revitalise Basing View, the […]

Read more »