Our investment in PfP Capital will help deliver affordable, quality rental homes in Scotland I Scottish National Investment Bank

Mission Alignment

This investment aligns to both our place mission, to build communities and promote equality, and our net zero mission, to support Scotland’s transition to net zero.

Our investment will enable thousands of people to access the affordable rental accommodation they need, built to a quality they want, and located in areas close to their jobs and families.

The fund finances homes priced at 'Mid Market Rent'. This means that tenants pay a lower price than they would typically find in the private rental market allowing individuals and families on modest incomes to access affordable rental properties.

The homes will be built to a high standard of energy efficiency supporting Scotland’s transition to net zero.

"Our investment will enhance the lives of thousands of people, providing long-term access to high quality, energy-efficient, affordable housing."

Scottish National Investment Bank

Key Information

Key Mission

Improving Places

Amount Invested

£60m

Location

Central Scotland

Existing Investors

Strathclyde Pension Fund Nationwide Pension Fund Castle Rock Edinvar Housing Association

Key Quotes

Scottish National Investment Bank:

“Our investment will enhance the lives of thousands of people, providing long-term access to high quality, energy-efficient, affordable housing. The quality of people’s homes impacts directly on their quality of life. This Fund is designed to help individuals and families who are living in unsuitable accommodation, or who are unable to find an affordable home in the area where they need to live. This can include keyworkers who typically benefit greatly in mid-market rent accommodation from living closer to work.”

William Kyle, Fund Director, PfP Capital:

“The capital provided by the Scottish National Investment Bank allows us to both exceed our initial target of 1,000 affordable homes and to accelerate beyond this as we attract additional funds.”

PfP Capital Mid Market Rent Fund