Social infrastructure includes the construction and maintenance of facilities that support social services. These can include healthcare (medical facilities and ancillary infrastructure), education (schools, universities and student accommodation), and housing. Given the ongoing constraints with respect to government finances, there is greater interest in public-private partnerships (PPPs) solutions in these sectors.
PIDG may invest in social infrastructure, which complements the other traditional sub-sectors that are normally associated with infrastructure, including:
- Urban and non-urban infrastructure: the provision of economic and social infrastructure within urban and rural settings. We will collaborate with institutions that have an in-depth understanding of the specific risks involved; or
- Affordable housing: which, broadly speaking, is housing which can be made available to low-income individuals at a rent or mortgage repayment they can afford. We have engaged an expert to develop more specific criteria for PIDG to apply to explore the options and criteria for PIDG involvement in affordable housing projects.
- Healthcare: There may be occasions when PIDG is approached for hospitals, but these would be ‘bricks and mortar’ projects, not just services.
- Education: PIDG may provide support for projects relating to schools and universities when it is better placed than others to do so – for example, there may be opportunities to support affordable accommodation for university students.