Social housing

The UK is in the grips of a housing crisis. Much is made about the chronic shortage of affordable and social housing, and rightly so. Millions of people across the UK lack access to a place that they can call home, and the position is getting worse as successive governments fall short of their house-building targets.

But affordability is only one side of the challenge facing us. If we want to reach Net Zero, we also need to find ways to build greener homes, with higher energy efficiency, that can meet more of their needs with renewable energy. That’s why we are proud to be working with a pioneering social housing developer that is trying to make an impact on both of those challenges.

  • 3 investments
    funded
  • 2,800
    investors
  • £13.5M
    invested
Housing

Innovating to deliver social homes that also look after the planet

Across England, 1.15 million households are waiting for social housing, according to 2020 data from housing charity Shelter. Successive governments have promised and failed to stimulate the construction of enough new houses, let alone affordable and social homes. We also know that both existing and new housing stock is a big contributor to climate change, accounting for 20% of carbon emissions.

There is a better way, of both building and financing new social homes, and pioneering housing developer Octevo is doing it. Rather than focus on the short term gains typical of other housing developers, Octevo’s social rental model provides secure long term cash flows linked to long lease agreements with Housing Associations. That allows the upfront costs of investment in low-carbon measures (like rooftop solar and ground-source heat pumps) to be spread over a longer period of time.

This approach, combined with the funding provided by Abundance investors, creates a unique, sustainable model for building the greener, affordable homes the UK needs for the future.

We’ve backed three investments from Octevo so far; and thanks to Abundance investors, at least 73 more families and individuals in the Liverpool area will be able to settle into cosy and comfy new energy-efficient homes.

Previous investments