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The Purposeful Finance Commission (PFC) is an independent organisation made up of leading combined authority figures, local government leads, and investors who have come together to identify, understand and overcome the barriers that communities across the country are facing in accessing long-term private investment and in turn, the barriers to long-term regeneration projects.
The PFC was convened to provide a forum for local government organisations, including major combined authorities and membership bodies, to engage with investors, academics, and each other, to identify, understand, and suggest ways to overcome these barriers. More broadly, it was an opportunity to consider what this new investment landscape, which we have termed purposeful finance, might look like. To do so, we first analysed where investment in this type of infrastructure has flowed to date.
This report aims to set the scene for understanding which areas of the country have been most successful in attracting private capital, through the analysis of existing data. More importantly, however, this research brings together first-hand accounts of those involved in all aspects of the investment lifecycle and reports the results of a series of roundtable discussions held across the country, representing over 40 different individuals and organisations involved in either developing regeneration projects or financing them, from both the public and private sectors.