There is no shortage of ambition when it comes to growing the UK economy. Nor, increasingly, is there a shortage of capital. Reforms to pensions, planning and capital markets are beginning to unlock long-term investment with the aim of directing savings into UK homes, infrastructure and productive assets – a welcome and overdue direction of travel.
But capital is not the only ingredient. Growth is fundamentally rooted in places. Investors must partner with local government to turn national policy and institutional capital into real outcomes for communities.
