LGC Podcast: How the net zero energy transition can make a local impact in your area

8/4/25
5 min
Renewable energy
Insight

The conversation dives into one of the biggest challenges and opportunities of our time: the UK’s clean energy transition.

“We are in the middle of the industrial revolution of our time. We are completely redesigning the energy system in the world today. It is a massive transformation.”
“I see it as the role of the investment manager, the private sector investment management, like ourselves, to be part of the solution here. To be going to the pools, going to the individual schemes” - Tom Williams.

Listen now

Timestamps

01:55 – Tom and Laura introduce themselves.

02:46 – Tom outlines the scale of the clean energy challenge and how LGPS can be part of the solution.

"We are in the middle of the industrial revolution of our time. We are completely redesigning the energy system in the world today. It is a massive transformation."

03:28 – Tom explains Clean Power 2030 and the level of investment needed to reach it.

07:48 – Laura shares examples of her fund’s clean energy investments and their impact.

10:45 – Tom reflects on how far the sector has come investments can now offer strong returns and real-world impact.

11:56 – Laura discusses how LGPS typically access these investments and the barriers they face.

14:27 – Tom outlines how investment managers can better support LGPS access to opportunities.

"I see it as the role of the investment manager...to be part of the solution here."

16:00 – Laura agrees: fund managers need to proactively bring LGPS the right opportunities.

17:17 – Tom compares pooled and individual LGPS funds, and how this affects achieving local impact.

20:56 – Discussion turns to new local investment targets and the challenges they create for pooled funds.

21:32 – Tom explains why Downing set up its own renewable development arm - to create local impact and support the net zero push.

22:55 – Introduction of Great British Energy (GBE) and its role in the clean energy transition.

24:00 – Tom shares Downing’s early engagement with GBE and how it could support planning and development.

26:04 – Tom believes GBE could be a game-changer for project development across the UK.

28:32 – Laura gives her take on GBE and how better communication could help LGPS connect with national initiatives.

30:12 – Final advice from Tom and Laura on what LGPS managers should consider when investing in renewables and infrastructure.

Find out more about Energy & Infrastructure at Downing.

Contents
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We’re proud to sponsor the latest episode of the Local Government Chronicle (LGC) Investment Podcast, where our Head of Energy & Infrastructure, Tom Williams, joins Martin George (Deputy Editor, LGC) and Laura Colliss (Pension Fund Manager, North East Scotland Pension Fund).

The conversation dives into one of the biggest challenges and opportunities of our time: the UK’s clean energy transition.

“We are in the middle of the industrial revolution of our time. We are completely redesigning the energy system in the world today. It is a massive transformation.”
“I see it as the role of the investment manager, the private sector investment management, like ourselves, to be part of the solution here. To be going to the pools, going to the individual schemes” - Tom Williams.

Listen now

Timestamps

01:55 – Tom and Laura introduce themselves.

02:46 – Tom outlines the scale of the clean energy challenge and how LGPS can be part of the solution.

"We are in the middle of the industrial revolution of our time. We are completely redesigning the energy system in the world today. It is a massive transformation."

03:28 – Tom explains Clean Power 2030 and the level of investment needed to reach it.

07:48 – Laura shares examples of her fund’s clean energy investments and their impact.

10:45 – Tom reflects on how far the sector has come investments can now offer strong returns and real-world impact.

11:56 – Laura discusses how LGPS typically access these investments and the barriers they face.

14:27 – Tom outlines how investment managers can better support LGPS access to opportunities.

"I see it as the role of the investment manager...to be part of the solution here."

16:00 – Laura agrees: fund managers need to proactively bring LGPS the right opportunities.

17:17 – Tom compares pooled and individual LGPS funds, and how this affects achieving local impact.

20:56 – Discussion turns to new local investment targets and the challenges they create for pooled funds.

21:32 – Tom explains why Downing set up its own renewable development arm - to create local impact and support the net zero push.

22:55 – Introduction of Great British Energy (GBE) and its role in the clean energy transition.

24:00 – Tom shares Downing’s early engagement with GBE and how it could support planning and development.

26:04 – Tom believes GBE could be a game-changer for project development across the UK.

28:32 – Laura gives her take on GBE and how better communication could help LGPS connect with national initiatives.

30:12 – Final advice from Tom and Laura on what LGPS managers should consider when investing in renewables and infrastructure.

Find out more about Energy & Infrastructure at Downing.

We are delighted to announce that Mark Gross, Partner and Head of Development Capital, has been named Equity Investor of the year at the HealthInvestor Power List 2024 Awards.

Following Mark’s achievement last year when he won the “Leading Investor” award at HealthInvestor’s Power50, this year’s win further highlights his continued success and expertise in investing across the healthcare sector. 

The judges praised Mark for finding success both in value and volume this year, delivering good returns and growth. They were impressed by how Mark has continued to strengthen a strong track record with further growth in the team and new funds securing further backing. We extend our thanks to Mark and the Downing Development Capital team for their continued dedication and support in expanding our healthcare investment activities with a focus on quality, performance and reputation. 

Congratulations Mark!

Development Capital  

Downing Development Capital is an award-winning investor focused on investment opportunities into asset-backed operating businesses with downside protection. Typical sectors they invest in include healthcare, specialist education, hospitality, leisure and IT infrastructure.

Learn more about our Development Capital team

We’re proud to sponsor the latest episode of the Local Government Chronicle (LGC) Investment Podcast, where our Head of Energy & Infrastructure, Tom Williams, joins Martin George (Deputy Editor, LGC) and Laura Colliss (Pension Fund Manager, North East Scotland Pension Fund).

The conversation dives into one of the biggest challenges and opportunities of our time: the UK’s clean energy transition.

“We are in the middle of the industrial revolution of our time. We are completely redesigning the energy system in the world today. It is a massive transformation.”
“I see it as the role of the investment manager, the private sector investment management, like ourselves, to be part of the solution here. To be going to the pools, going to the individual schemes” - Tom Williams.

Listen now

Timestamps

01:55 – Tom and Laura introduce themselves.

02:46 – Tom outlines the scale of the clean energy challenge and how LGPS can be part of the solution.

"We are in the middle of the industrial revolution of our time. We are completely redesigning the energy system in the world today. It is a massive transformation."

03:28 – Tom explains Clean Power 2030 and the level of investment needed to reach it.

07:48 – Laura shares examples of her fund’s clean energy investments and their impact.

10:45 – Tom reflects on how far the sector has come investments can now offer strong returns and real-world impact.

11:56 – Laura discusses how LGPS typically access these investments and the barriers they face.

14:27 – Tom outlines how investment managers can better support LGPS access to opportunities.

"I see it as the role of the investment manager...to be part of the solution here."

16:00 – Laura agrees: fund managers need to proactively bring LGPS the right opportunities.

17:17 – Tom compares pooled and individual LGPS funds, and how this affects achieving local impact.

20:56 – Discussion turns to new local investment targets and the challenges they create for pooled funds.

21:32 – Tom explains why Downing set up its own renewable development arm - to create local impact and support the net zero push.

22:55 – Introduction of Great British Energy (GBE) and its role in the clean energy transition.

24:00 – Tom shares Downing’s early engagement with GBE and how it could support planning and development.

26:04 – Tom believes GBE could be a game-changer for project development across the UK.

28:32 – Laura gives her take on GBE and how better communication could help LGPS connect with national initiatives.

30:12 – Final advice from Tom and Laura on what LGPS managers should consider when investing in renewables and infrastructure.

Find out more about Energy & Infrastructure at Downing.

Basking in the sun: nine solar policy essentials
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Torsten Mack, Investment Director at Downing, said:

"We are proud to support this exceptional management team, whose strong track record positions them well to build a new business in dementia care. This needs-based sector is underpinned by a lack of quality supply and we are investing in Fortava Healthcare to set and deliver high standards, and to help make a difference."

Johann van Zyl, CEO at Fortava, added:

"I’m thrilled to be working with Jamie, as we share the same values. We plan to grow Fortava into a leading provider of dementia care over the next five to seven years. But growth isn’t our primary focus—our goal is to deliver outstanding care and foster a joyful, supportive environment for both residents and staff. We’re delighted to be partnering with Downing who also share our values and we look forward to this journey with them."

Jamie Stuart, CFO at Fortava, commented:

“For me, it's about being more than just another care home provider. While dementia care in the UK is generally of a good standard, we want to set ourselves apart with a fresh approach. That’s why, after over 25 years in banking, I chose to partner with Johann and Downing on this venture.”

The conversation dives into one of the biggest challenges and opportunities of our time: the UK’s clean energy transition.

“We are in the middle of the industrial revolution of our time. We are completely redesigning the energy system in the world today. It is a massive transformation.”
“I see it as the role of the investment manager, the private sector investment management, like ourselves, to be part of the solution here. To be going to the pools, going to the individual schemes” - Tom Williams.

Listen now

Timestamps

01:55 – Tom and Laura introduce themselves.

02:46 – Tom outlines the scale of the clean energy challenge and how LGPS can be part of the solution.

"We are in the middle of the industrial revolution of our time. We are completely redesigning the energy system in the world today. It is a massive transformation."

03:28 – Tom explains Clean Power 2030 and the level of investment needed to reach it.

07:48 – Laura shares examples of her fund’s clean energy investments and their impact.

10:45 – Tom reflects on how far the sector has come investments can now offer strong returns and real-world impact.

11:56 – Laura discusses how LGPS typically access these investments and the barriers they face.

14:27 – Tom outlines how investment managers can better support LGPS access to opportunities.

"I see it as the role of the investment manager...to be part of the solution here."

16:00 – Laura agrees: fund managers need to proactively bring LGPS the right opportunities.

17:17 – Tom compares pooled and individual LGPS funds, and how this affects achieving local impact.

20:56 – Discussion turns to new local investment targets and the challenges they create for pooled funds.

21:32 – Tom explains why Downing set up its own renewable development arm - to create local impact and support the net zero push.

22:55 – Introduction of Great British Energy (GBE) and its role in the clean energy transition.

24:00 – Tom shares Downing’s early engagement with GBE and how it could support planning and development.

26:04 – Tom believes GBE could be a game-changer for project development across the UK.

28:32 – Laura gives her take on GBE and how better communication could help LGPS connect with national initiatives.

30:12 – Final advice from Tom and Laura on what LGPS managers should consider when investing in renewables and infrastructure.

Find out more about Energy & Infrastructure at Downing.

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Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.

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