We supported the development of Sky's 32-acre, state-of-the-art TV and film studio at Elstree, marking a significant investment in the UK and European creative economy. Granted planning permission on 9 July 2020, the studio has already hosted major productions, including the ‘Wicked’ movie and ‘Paddington in Peru,’ further solidifying its role in the industry.

We have invested in The Kensa Group, one of the UK’s largest players in the ground source heat pump technology sector. Kensa, which is the only integrated manufacturer and supplier of ground source heat pumps in the country, helps customers to naturally heat or cool their homes in an efficient way, significantly reducing carbon emissions. In May 2023, we invested an additional £70m in Kensa, marking the largest investment ever made in ground source technology in Britain. Our investments have enabled Kensa to rapidly expand, with the aim of installing 50,000 ground source heat pumps annually by 2030, creating over 7,000 green jobs in the UK.

We have provided £95m in long-term financing to support Newport City Homes in their plans to deliver 1,000 affordable homes in Newport, Wales. Newport City Homes has played a significant role in the regeneration of Newport and today is the largest provider of social housing stock in the city, providing homes and services to more than 20,000 residents.

A good example of how we’re making a difference is our £4bn commitment to a 50:50 partnership with Oxford University to develop homes for staff and students and to build science and innovation districts in the city. House prices in Oxford make it hard to attract all the talent that’s needed, but by building more homes and cutting-edge facilities, we can help to put the city at the heart of a fourth industrial revolution. In October 2021, we announced that we are funding a new innovation district extending Oxford’s existing Begbroke Science Park across an adjacent 14-hectare site. In 2022, the first residential site to be delivered through the partnership was announced, and once completed, it will deliver 84 much-needed postgraduate homes, many of them designed for families. By 2035, the partnership aims to deliver approximately 1.6 million sq ft of university space, 3,000 new homes for graduate students, researchers, University and college staff and their families, and the wider Oxford community. Additionally, the development will include new parks, squares, schools, playgrounds, cafes, community spaces, and other amenities, creating a net zero carbon estate

We have invested in three offshore wind farms off the coast of the UK with the capacity to provide power for millions of homes. This includes £370m in the Hornsea Project One, located off the Yorkshire coast, in the North Sea. Once completed, it will be the world’s largest offshore wind farm with 174 turbines. We’ve also invested in the Walney Extension, which is in the Irish Sea off the coast of Cumbria, and the Dudgeon Offshore Wind Farm off the east coast of England. Additionally, in 2024, our Asset Management division committed £268m to support the acquisition of the Moray East OFTO (offshore transmission owner) transmission assets. The Moray East offshore wind farm, located 22km from the Aberdeenshire coast in the Moray Firth, consists of 100 turbines with a capacity of 950MW, capable of powering 1.4 million homes.

EDF and Legal & General have come together to acquire a majority stake in Pod Point, one of the largest electric vehicle (EV) charging companies in the UK. So far, Pod Point has installed over 240,000 at-home charging points and operates a network of over 6,200 public charging points across the UK. By partnering with retailers, Pod Point has created a reliable network of free-to-use charging points in areas where people are likely to need them. We believe that electric vehicles will be an integral part of delivering a clean environment and transforming the UK’s transport systems.

We have partnered with the University of Edinburgh to establish the Advanced Care Research Centre (ACRC), the first of its kind in the UK. ACRC will offer a seven-year multi-disciplinary research programme designed to improve our understanding of care in later life and to revolutionise how it is delivered.

Bruntwood SciTech owns and operates the largest portfolio of science and technology properties in the country, providing office space, labs, a range of scientific services, and business support in cities from Glasow to Birmingham. Bruntwood SciTech’s Alderley Park site in Cheshire served as one of the Government’s five “Lighthouse Labs” for mass Covid-19 testing. In 2022, the partnership injected £30m into Glasgow’s Met Tower, which is set to become a hub for tech and digital businesses in Scotland. As of 2023, Bruntwood SciTech has expanded to include nine campus locations and 31 city centre innovation hubs across the UK. It's network of innovation districts supports future growth in regional cities, connecting world-leading research universities, large hospital NHS Trusts, strong civic regional leadership, and high-growth enterprises.

We are helping to reshape the urban landscape through a major investment into Sheffield’s West Bar Square, a 1 million sq ft mixed-use development which will include 500,000 sq ft of office space, build-to-rent homes, a 450-space multi-storey car park, and landscaped public spaces. We have partnered with developer Urbo and Sheffield City Council to help regenerate the city and support the UK’s growth prospects, jobs, and housing needs. The first phase of this £300m project has commenced and is expected to create up to 8,000 new jobs upon completion in 2024.

Newcastle Helix is a 24-acre innovation district for the burgeoning tech and life sciences sectors. Located in the centre of Newcastle, once complete, the scheme will create around 4,000 jobs and put the city at the forefront of the knowledge economy. The £350m collaboration between Legal & General, Newcastle University, and Newcastle City Council is firmly positioning the city as a major national and international hub for scientific research and technology businesses, creating knowledge-based jobs for future generations. The development includes The Lumen and The Spark, two state-of-the-art office buildings providing over 200,000 sq ft of flexible, high-quality office space. The Helix also aims to deliver 700 new homes and has been designed with sustainability at its core, contributing to the drive towards net zero carbon emissions.

Following a £44.6m partnership with Croydon Council in 2019 to provide 167 homes for families on the housing waiting list, in 2020 we provided an additional 250 homes to families in the London borough. The £21.6m investment will bring our total investment to £66.2m and will help the council meet its affordable housing needs and support the homeless community, demonstrating the positive social impact of a proactive long-term investment with a local authority.

We have invested in Tokamak Energy, a research company, which is aiming to bring fusion energy to the market by 2030. Tokamak is developing a compact fusion device that could be safely deployed close to cities to help create energy in a sustainable way.

In November 2016, L&G invested in Oxford Photovoltaics Limited (Oxford PV), a spin-out from the University of Oxford, to commercialize perovskite, a low-cost, highly efficient solar cell absorber material that can vastly improve a solar panel’s ability to convert sunlight into electricity. In 2022, Oxford PV achieved a world record with its perovskite-silicon tandem solar cell, reaching a 27.3% conversion efficiency. This breakthrough has the potential to significantly enhance the efficiency of silicon solar technology, making solar energy more affordable and accelerating its global adoption. Oxford PV aims to begin manufacturing these next-generation solar panels and become the first to sell them to the public, offering a major step-change in solar power generation since the technology emerged in the 1950s. This innovation could play a crucial role in tackling the climate crisis by increasing the availability of clean energy.

Our Legal & General Homes business is developing Nobel Park, a landmark project to the north-east of Didcot, which will include 1,880 homes, some of which are affordable housing. The development also includes new primary and secondary schools, a neighbourhood centre, improved connections via public highways, footpaths, and cycleways, as well as allotments and leisure facilities including sports pitches and a pavilion. The first residents have already moved in, and the project continues to progress with a focus on creating a sustainable and vibrant community.

We have invested £225m in long-term financing to support the construction of the Thames Tideway Tunnel, London’s super sewer. The project has reached a significant milestone, with the first four of the 21 sites now activated, capturing and diverting sewage away from the River Thames. This 25-kilometer project, spanning from Acton in west London to Beckton in east London, is designed to protect the river from sewage pollution and is expected to be fully operational by 2025.

Reigate and Banstead Borough Council has approved our plans to transform Legal & General’s former Kingswood HQ into a £215m retirement community. Inspired Villages, an L&G company, will redevelop the vacant and dilapidated site into a vibrant later living community with 270 specialist age-appropriate apartments. The project will create around 175 construction jobs annually over its six-and-a-half-year build period and provide up to 80 new permanent jobs once complete and operational. Additionally, the development will see more than £170m invested into the local economy. The plans also include up to 10 respite units to help reduce pressure on the NHS and local care services.

Legal & General’s landmark £1 billion Cardiff Central Square regeneration is the largest privately funded regeneration scheme in Wales. It includes a 14-bay bus station, government hub, 318 Build to Rent apartments, and over 800,000 sq ft of office space, including a new BBC Wales HQ. The scheme has provided thousands of new jobs for local people and up to £1.1bn of gross value added to the city region. In 2023, over 2,500 Legal & General employees work in the new ‘Interchange’ building.

We partnered with a major international investor to drive forward a £220m retail and leisure scheme in Eastbourne as part of the town’s regeneration, helping to create new jobs as well as economic and social growth. The significant injection of capital enhanced the existing Arndale Shopping Centre, now known as The Beacon, as well as kick-start the scheme’s £85m retail and leisure extension, contributing to the wider regeneration of the local area in collaboration with Eastbourne Borough Council.

We’ve provided £200m in long-term debt financing to pay for new trains for the Wales & Borders rail franchise. The investment will improve the service for passengers and reduce emissions. The current ageing diesel fleet will be replaced with 36 light rail overhead- and battery-powered trains, and 24 that can operate on diesel, electric and battery power.

We are helping to provide the infrastructure that our society needs to thrive in the modern world. We’ve invested £230m in the Kao Data Campus, a state-of-the-art data centre that services businesses along the London to Cambridge corridor, the largest data centre market and technology cluster in Europe. In October 2021 Kao received a £120m expansion boost from Infratil, which will enable it to grow. In February 2022, Kao Data announced the acquisition of two new prime West London sites, expanding the business to become a multi-location platform.

Part of an over £770m investment in the regeneration of Bracknell Forest Borough, the renovated town centre includes The Lexicon Bracknell, a £240m retail and leisure heart for the town and for East Berkshire. The Lexicon Bracknell was developed by the Bracknell Regeneration Partnership, a 50:50 joint venture between Legal & General and Schroder UK Real Estate Fund, working with Bracknell Forest Council.

We have committed £160m to Sunderland's regeneration, supporting the creation of up to 4,600 new jobs and the transformation of a city which has seen signficant underinvestment over recent years. The redevelopment, once complete, will include three new commercial buildings, a city hall and a manufacturing hub. Two new office buildings in the city 'topped out' in February 2023.

The UK continues to suffer a shortage of affordable housing, with around 1.3 million households on local authority waiting lists. As one of the UK’s leading housing associations, and a strategic partner of Homes England, Bromford has a key role to play in providing social and affordable housing to those whose needs are not met by the private markets in Central and South West England. Our latest investment will support Bromford to deliver 12,000 new affordable homes by 2028.

We entered a three-year partnership with the charity RedSTART to deliver age-appropriate, immersive, and professionally accredited financial education events to primary age children. RedSTART teaches children from some of the UK's most disadvantaged communities how money works and gives them skills to have a healthy relationship with money throughout life. The partnership will ensure RedSTART reaches as many children as possible, with the programme launched in twelve Welsh schools in 2024.

We have invested £285m into Glasgow City Council to support its recently settled equal pay liability. It is estimated that about 12,000 Glasgow city households will be positively affected by the settlement of the equal pay dispute. We also have a property portfolio of 473 commercial assets located in and around Glasgow and have invested in several major schemes, including 324 home build to rent scheme at Buchanan Wharf, the a 160-room hotel opposite Queen Street Station, and the forward funding of the Atlantic Square Development to provide a major new UK Government hub.

We build housing that is diversified across affordability, tenure and life stage. Our Affordable Homes business alone has used pension money to secure a pipeline of 3,500 new affordable homes on 41 sites across the UK, valued at £750m. We have also made a commitment to enable all our new homes to operate at net zero carbon emissions from 2030.

Within our wider housing portfolio, it’s our ambition to build 3,000 affordable homes annually by 2023 and we have recently partnered with 14 established housing associations and providers.We have also provided £75m in long-term financing to Bernicia, one of the largest providers of affordable homes across North East England and £85m in long-term financing to believe housing, one of the largest affordable homes providers in North East England. In 2022, we announced our plans to invest a further £2bn of retirement funds into affordable housing over the next five years, helping to create more than 10,000 new homes nationwide.

Locations include:

Thurrock

Bromford

Wealden

Wigan

Croydon

Dunstable

Malvern Hills

Stratford-On-Avon

Bedfordshire

Hertfordshire

Cornwall

Cheshire

East Sussex

Essex

Lancashire

Lincolnshire

Oxfordshire

Warwickshire

Worcestershire

East London

Kent

Inspired Villages Group is a developer of retirement accommodation. Creating safe, secure, social and comfortable village environments in which residents can celebrate the freedom of later life with flexible care arrangements, Inspired Villages offers a lifestyle choice for people whose existing homes no longer suit their needs. There are nine operational villages, which are located in:

Warwickshire

West Sussex

Devon

Kent

Cheshire

Hampshire

Bedfordshire

We have a large and growing portfolio of over 5,000 homes across 17 schemes and have more than £1.7bn in capital committed across the UK. Focused on urban regeneration areas centred around transport hubs, we are targeting schemes of more than 150 units, taking advantage of economies of scale to deliver better value and more choice for residents, while building sustainable, vibrant communities. In 2023, we also announced the funding of a £140m residential development in Whitehall Riverside in Leeds - making us the City's largest investor and owner of BTR. Sites include:

Wandsworth: 1,000 homes

Brighton: 200 homes

Salford: 225 homes

Walthamstow: 479 homes

Bristol: 376 homes

Birmingham: 220 homes

Cardiff: 318 homes

Glasgow: 324 homes

Edinburgh: 338 homes

Leeds: 1000 homes

Peterborough: 117 homes

We are investing more than £50m into a major regeneration project in Princes Street, Edinburgh. The proposals will create a new hotel and city centre ‘hub’ including shopping, dining, hospitality, leisure and event space at 109-112 Princes Street. This will create a major new destination spot in Edinburgh, delivering the footfall Princes Street needs to continue to thrive.

We have formed a £5m charitable partnership to enhance elderly care in Newcastle, placing it at the forefront of development of ground-breaking changes to the way we care for older people. The £5m gift to the city will be used in two distinct projects. It will help fund additional independent living facilities for older residents within the Future Homes Alliance project at Newcastle Helix, managed by the City Council’s housing partner, Karbon Homes. The facilities will be made up of 66 affordable units along with five demonstrator homes to test the latest innovations and products to help support ageing and environmental sustainability in a real-world setting.

We have invested in WiredScore, a rapidly growing property technology company and global leader in digital connectivity certification for commercial property. As one of the UK’s most active real estate managers, having invested across all sectors of the market, we count connectivity as one of the most important factors for occupiers searching for new office space and have been working with WiredScore to provide occupiers with a standard rating for digital infrastructure, connectivity and technological capacity.

We have provided €54m in long-term financing to Clúid Housing, one of Ireland’s largest approved housing bodies (AHBs). The funding will enable the delivery of c.200 new social homes across Ireland. Clúid has an ambitious growth strategy to deliver an additional 3,000 new social homes before the end of 2022 and our investment will enable them to deliver more high quality social homes, and provide a socially useful home for pension fund capital.

Together with The University of Oxford we are undertaking The University of Oxford’s largest ever building project, the Life and Mind Building. This is a major milestone for the £4bn Oxford University Development (OUD) partnership and its first landmark scheme. Designed by internationally renowned architect practice NBBJ, the building will house the Departments of Experimental Psychology and Biology, including Plant Sciences and Zoology. With a project cost of £200m and a gross internal area of 269,097 sq ft, it will provide research facilities to 800 students and 1,200 researchers.

We are investing £350m into Bristol Temple Island, transforming the disused site into a vibrant new urban quarter. With a focus on social inclusion through affordable housing, training and employment opportunities, Temple Island will support the city’s plans to build back better and back the creation of 2,000 new jobs. We are already a significant investor Bristol, having committed £310m to nearby Build to Rent and modular housing schemes, alongside commercial real estate, such as a Civil Service hub and the Quayside Bristol office development.

Since 2021, we have worked together with Sir Michael Marmot, Director of the University College of London (UCL) Institute of Health Equity (IHE) to explore the role of business in reducing health inequalities in the UK. The partnership has lead to a multi-million pound charitable 'Health Equity' Fund to support up to 150 place-based initiatives across the UK which directly address the social determinants of health. Previous and ongoing partnership projects include The Business of Health Equity: The Marmot Review for Industry report, which sets out three ways that business can improve people’s lives by reducing health inequality and the Health Equity Network - a online platform that aims to exert an influence on national policy making by encouraging members to share their work, be inspired by others, and collaborate in joint working.

We are planning 200 lower cost homes for rent as part of a £1bn, 2750 master plan for North Horsham. This will be our first major multi-tenure site, bringing together our Suburban BTR (SBTR), affordable and modular housing platforms. As part of our commitment for our residential homes to be operationally net-zero carbon from 2030, North Horsham is targeting to be one of the first EPC A-Rated SBTR and affordable development in the UK. The development will also include and school, village centre, supermarket and green spaces.

As part of the expansion of our clean energy portfolio, alongside the venture capital arm of the international energy company Equinor, we have invested in Rovco and its sister company Vaarst. Vaarst is a leading provider of subsea 3D computer vision technologies; supporting the offshore wind, wave & tidal, scientific, maritime security, and civils industries. It is bringing forward ground-breaking AI-based technology. Rovco delivers this technology into the energy transition space mainly focused on its use for subsea surveys in offshore wind and oil field decommissioning.

We have made a seven-year multi-billion-pound landmark investment commitment to help the West Midlands level up. This includes support for provision of housing of all tenures, including social and modular; commercial property and urban regeneration across multiple sites. The programme is designed to create vibrant, dynamic communities in the region which, by providing attractive environments for people to work, live and play, will further enhance the West Midlands as a driver of UK economic growth.

Brill Power, an Oxford Univeristy spin-out company, has a mission to make batteries smarter, cleaner, safer and longer lasting to replace legacy battery management systems and transistion away from carbon emissions. Our recently closed $10.5m Series A funding round for Brill will support it's pioneering technology bringing transformational advances to stationary energy storage and electric vehicles, helping to deliver low-carbon infrastructure at scale.

We continue to make strong development progress across the UK and deliver homes to support the UK's housing needs. Our first Build to Rent (BTR) project in Northern Ireland marks the largest real estate investment in the region for 20 years, funding the development of 627 new homes, known as Loft Lines, located within the Titanic Quarter in Belfast. Loft Lines is set to not only tackle the rental supply and demand imbalance in Belfast, but transform the region’s city centre living offer, helping to deliver more housing of all tenures - comprising 627 BTR and 151 affordable homes, funded and operated by Clanmil Housing Association.

We are one of the three key partners in the English Cities Fund (ECF), alongside Homes England and Muse. Established in 2001, ECF focuses on urban regeneration and affordable housing, working closely with local partners to meet community needs and enhance local economies for long-term benefits. By 2036, ECF aims to deliver over 1m sq. ft of commercial space, 17,000 new homes, and essential social infrastructure. To date, ECF has completed projects worth £1.2bn, delivered 2,150 homes, and created over 8,000 jobs. In 2024, ECF expanded its capacity to £400m, with partners injecting an additional £100m of equity, matched by £100m of debt. Since its first investment in Liverpool in 2001, ECF has:

• Completed five mixed-use regeneration projects across England (Liverpool, London, Plymouth, Salford, and Wakefield) worth £1.2bn.
• Delivered 2,150 homes in new neighborhoods, along with 1.15m sq. ft of office, retail, and leisure space, creating over 8,000 jobs.
• Constructed the largest Passivhaus-certified affordable housing project in the Northwest, boasting 96 affordable apartments.
• Reimagined a former surface car park in Salford into the Eden building, a pioneering 12-storey office building set to be net zero carbon in operation, featuring Europe’s largest living wall.
• Developed plans for an innovation district at Salford Crescent with Salford Council and the University of Salford.
• Delivered new community infrastructure, including a library and community centre at Rathbone Market in London, and facilitated the delivery of the 1,000-pupil Plymouth Academy and a 171-berth marina at Millbay.