Scaling-Up Local Investing for Place-Based Impact - The Good Economy Whitepaper

Scaling-Up Local Investing for Place-Based Impact – The Good Economy Whitepaper

Scaling-Up Local Investing for Place-Based Impact - The Good Economy Whitepaper

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).

Related insights.

Access to finance is a crucial component of any small and medium-sized business’ growth plan. Chief Executive Paul Scott talks about the funding gap, NEL’s enhanced capabilities and the organisation’s ambition to unlock capital for firms to expand across the North.
NEL Fund Managers is marking a year of record-breaking delivery across the North East and Teesside, with 2025 having firmly established the organisation as the region’s most active provider of alternative finance.
Award-winning IT, security, and communications provider Advantex has secured a seven-figure investment from NPIF II – NEL Debt Finance to support a successful management buyout and drive its next phase of growth.