The areas of social housing, renewable energy, and rail networks across the United Kingdom will receive 10 billion pounds from Aviva Investors over the next three years.
Owing to the deficit funding in these areas, this inflow of cash is seen as beneficial. Aviva investors, a part of the Aviva Group, are an asset management company with expertise in real estate, fixed income, equity, and multi-asset.
Aviva was the first global insurer to become carbon-neutral in 2006. The launch of Aviva renewable energy is a modest step in its sustainability journey as a commercial insurer. They have been contacting clients and brokers to ensure they can be the partner of choice as the UK aims to be a carbon-neutral country by 2050. This is a significant step in combating global warming.
This investment will likewise play a part in creating more jobs in the real estate and infrastructure in several regions in the UK. Because of the pandemic, there is market uncertainty and instability all across the globe.
Mark Versey hopes that the long-term cash flows made will appeal to the institutional investors. Aviva Chief Executive Amanda Blanc mentioned that the investments made will fund people’s savings and retirement, aiming to deliver stable returns to customers and funding a sustainable future for the UK. This will ensure stability and sustainability in the distant future.