Falkirk Council

John Finnie Independent MSP John Finnie has written to the chief executives of the six Highlands and Islands local authorities, urging them to follow the lead of Falkirk Council and invest a portion of their pension fund in building social and affordable housing.

Alex Neil Falkirk Council’s Local Government Pension Scheme Fund has awarded fund manager Hearthstone Investments £30 million to invest in social and affordable housing in Scotland.

Almost 100 new homes are to be built in the Falkirk area in a move that will also provide an income for the local authority's pension fund. Members of Falkirk Council’s executive committee agreed to bring forward an Affordable Housing Grant to help fund new developments.