Legal & General has entered into a 15-year joint venture partnership with NatWest Pension Trustee Limited to invest £500m of equity for net-zero carbon later living communities developed and operated by Inspired Villages.

With an ageing society, the UK will soon have more people over 65 than under 18 but does not have the infrastructure, health-spend or social care to support this long-term demographic shift, exacerbated by a shortage of suitable later living options.

Operating over long investment horizons and as responsible investors, the companies are aligned in their desire to back investments that deliver a positive environmental and social impact. Having committed to delivering all new housing stock as operationally net-zero carbon by 2030, Inspired Villages already operates two net-zero carbon energy developments located in Bedfordshire and Hampshire.

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