The LAPF Investments Roundtable series brings together senior LGPS figures, pools, and advisers for timely, on-the-record discussions on key strategic themes.

This session on Local Investment explored how funds are navigating emerging expectations around place-based investment, economic development and the evolving definition of “local”.

Moderated by an industry expert and supported by sponsors who contribute meaningfully to the discussion, insights from each session are published in LAPF Investments magazine (in print and online) and accompanied by a dedicated microsite for further information.

 

LAPF Investments Roundtable on Local Investment – May 2025
Location: The Belfry
Duration: 60 minutes
Format: Moderated roundtable discussion
Moderator: Jeff Houston (Independent Adviser)

 

Agenda

1. Welcome & Introductions
Opening remarks from moderator
Participant introductions (funds, pools, advisers)

2. Defining “Local” in Investment Terms
Discussion on what “local investment” means within LGPS context
Differences between geographic proximity, economic contribution, and impact
Early thoughts on government signalling and draft legislation

3. Policy Signals & the Role of the LGPS
How LGPS funds are interpreting ministerial expectations around local investment
Reactions to Mansion House announcements and “productive finance” narrative

4. Pooling & Place-Based Investment
How investment pools are supporting local or regional strategies
Barriers and opportunities unique to pools vs. individual funds
Examples of current initiatives or investment frameworks

5. Navigating Risks, Returns & Perceptions
Balancing fiduciary duty with local ambitions
Role of consultants and advisers in validating opportunities

6. Future Direction: From Consultation to Legislation
What attendees would want to see clarified in future legislation
Anticipated challenges as policy shifts toward implementation
Questions around measurement, transparency, and accountability

7. Summary & Closing Remarks
Moderator wrap-up
Final reflections from participants
Continued dialogue and part two of Local Investment Roundtable will be held at LAPF Strategic Investment Forum