SYMCA and Schroders form strategic partnership
A Memorandum of Understanding between the Combined Authority and the investment company is looking to drive delivery on key areas such as housing and infrastructure growth across South Yorkshire.
Collaborating on key areas such as the economy, the partnership will enable South Yorkshire Mayoral Combined Authority and Schroders Capital to deliver projects and develop investment strategies across the region.
The three key areas to be targeted are:
- Infrastructure: exploring options to deliver projects in areas such as wind, solar and biomass, hydrogen generation and storage, and renewable heat
- Housing: support the delivery of aspirational and affordable housing, regeneration, social infrastructure, and decarbonisation
- Venture capital: consider potential investment models that could shape how public and private partners with a common interest could work in a more structured way
South Yorkshire’s Mayor, Oliver Coppard, said: “South Yorkshire needs a bigger and better economy.
“But we’re only going to build that new future by working in partnerships with world-leading companies and investors, creating jobs and opportunity for everyone who lives here.”
Paul Myles, director, Schroders Capital, and Head of LGPS said: “This partnership aligns with our commitment to investing in projects that not only deliver financial returns but also foster community development and resilience in regions such as South Yorkshire.”
