Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many projects, of what value, have received investment through the Pensions Infrastructure Platform in (a) 2015 and (b) since the platform's launch.

The Pensions Infrastructure Platform (PIP) is a vehicle for encouraging pension funds to invest in infrastructure. It does this by establishing special purpose infrastructure investment funds that are designed to meet the needs of pension funds. The PIP is owned by the Pensions and Lifetime Savings Association (PLSA) with investment from pension funds.

Two funds have been launched so far through the PIP. The first fund was launched in 2014 and is managed by Dalmore Capital with a remit to invest in UK PPP/PFI project equity. The fund has currently raised £508m commitments of a £600m target. The second PIP fund is a domestic solar PV fund managed by Aviva, it was launched in February 2015 and has commitments of £131mn and a target of £250mn.