L&G says new partnership model could see £9bn-a-year invested in affordable housing

By Daniel Gayne2026-04-27T13:08:00

Source: Shutterstock

Insurance giant’s recent deal with Hyde marks first attempt at ‘Partnership RP’ model

Legal & General says investor-provider partnerships, on the model of its recently announced deal with Hyde, could bring an additional £9bn a year into the sector.

The insurance giant is touting the Partnership Registered Provider model, in which housing associations and institutional investors create new registered providers in joint venture, as a scalable mechanism for unlocking more institutional investment.

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