Octopus Capital has raised an additional £10m for its affordable housing fund from the Henry Smith Foundation.
The fund, which has now raised £500m, invests in new build developments with a strong emphasis on social impact, community benefit and sustainability.
Jack Burnham, head of affordable housing, Octopus Capital, said: “We’re delighted to have received further support from the endowment and foundation sector, where we feel our fund is uniquely placed in providing mission aligned investment by developing high quality and environmentally sustainable affordable homes. The story of the Henry Smith Foundation is a perfect fit for what the fund is trying to achieve.”
William Sieghart, chairman of Henry Smith Foundation, added: “Housing shapes whether other forms of support can succeed. When people do not have stable, affordable homes, progress elsewhere rarely lasts. For us, social housing is not only a social priority. It is also an investment opportunity, one that allows the endowment to grow while contributing to solutions rather than adding pressure to the housing market.
“We are increasingly aware that how we invest matters as much as what we fund. Our aim is for the endowment to generate sustainable returns in ways that align with our purpose and strengthen the systems our partners work within.”
