Near 90 per cent of financing from Pollen Road Capital was supplied outdoors of London in 2021, in help of regional economies and the levelling up agenda.
The funding supervisor, which describes itself as “purpose-led”, revealed the determine in its environmental, social and governance (ESG) report for 2021. It mentioned its credit score technique had sought to fund inexperienced options for houses and transport, speed up monetary inclusion by investing in specialist lenders and to drive financial progress by investing in companies throughout the UK that help the levelling up agenda.
Round 86 per cent of its shopper lending took was supplied outdoors of London in 2021, reaching 93 per cent for actual property finance and 82 per cent for SME financing.
“There are 5.6 million SMEs within the UK, supporting employment for practically 13 million individuals,” mentioned Ethan Saggu, an funding director at Pollen Road Capital. “It’s empowering to help this sector’s progress ambitions with entry to finance.”
Learn extra: Pollen Road’s mortgage adviser agency agrees to purchase The Mortgage Partnership
Pollen Road’s credit score companions embody actual property and bridging lenders, which help communities in assembly the housing hole, undertake sustainable residing requirements and intention to enhance the environmental affect of property. With that is thoughts, Pollen Road mentioned it had contributed in the direction of constructing greater than 3,000 inexpensive houses since January 2021 and had saved house owners round 18,000 tonnes of carbon every year.
Elsewhere, the agency reported progress throughout its non-public fairness enterprise with 26 per cent of ladies in non-public fairness govt management roles and a six per cent fall within the common gender pay hole to 29 per cent throughout its portfolio.
It additionally reported that 80 per cent of its portfolio had ESG insurance policies in place on the finish of 2021, a determine that had elevated to 100 per cent on the finish of June 2022.
The agency has accomplished its purpose of turning into carbon impartial and diminished its carbon footprint by 53 per cent over the course of 2021.
Learn extra: Pollen Road Capital to again Irish property improvement offers
Again in February, Honeycomb Funding Belief introduced its plans to purchase Pollen Road Capital, with the intention of making a mixed group with belongings underneath administration of as much as £5bn over the subsequent few years.
It will see London-listed Honeycomb purchase Pollen Road in an all-share deal that values the funding supervisor at £285m. Pollen Road’s shareholders will obtain new firm shares equal to 45.5 per cent of the enlarged firm.
Learn extra: Honeycomb to sweeten worth with share buybacks