
Purpose of this Document
This document sets out a sector profile on small and medium-sized enterprise (SME) finance as an investment opportunity for the Local Government Pension Scheme (LGPS) as part of a local investing strategy. It provides an overview as to how SME finance can be treated as a strategic asset allocation within a local investing strategy that can deliver both commercial returns and positive local impacts.
It provides supplementary
sector-specific guidance following on from The Good Economy’s 2025 White
Paper Scaling Up Local Investing for Place-Based Impact: A
Strategic Framework and Guidance for LGPS.
Report Contributors
- NEL Fund Managers
- Palatine Private Equity
- Fasanara Capital
- UK Private Capital (formerly the British Venture Capital Association).