Under Section 25 of the Local Audit and Accountability Act 2014, any interested local government elector may inspect and make copies of the statement of accounts, the auditor’s certificate and opinion on the statement of accounts, and any public interest report or recommendation relating to the Authority.

The documents referred to above are available for inspection by any of the following methods:

• to link to the 'Annual Report', use the URL for the Annual Reports page.

• By contacting the Head of Finance & Corporate Services by email: gtaberner@sypa.org.uk or on 01226 772923

Neil Copley
Treasurer
10 September 2021

The award sponsored by the Impact Investing Institute and Earth Capital recognised the Authority’s ambitions in relation to achieving positive benefits with its investments as well as the leadership it has shown on key issues in this area.

SYPA Director George Graham said “It is very gratifying to be recognised for doing something which is so central to how we think about our investments, particularly given the strength of the other nominations. We believe thinking of the impact that our investments have on people and planet can help us make better long term decisions focused on achieving our key objective which is to make the returns necessary to ensure we can pay pensions long into the future.”

The loan will part fund the site acquisition, as well as contributing to the regeneration of an existing 130,750 sq ft former B&Q warehouse and developing 58,000 sq ft of new industrial units.

The site is located within the suburb of Darnall, approximately 3.5 miles north east of Sheffield city centre and with great connectivity to the motorway. The Sheffield City Council planning authority have approved full planning for all phases of the development.

The illustrations below give a before and after view of the site and the planned development which will bring a number of new employment uses to this prominent site.

Before

After

South Yorkshire Pension Fund’s £80m allocation to local development loans was launched in 2019 and is managed by CBRE’s Investment Advisory team, part of CBRE Capital Advisors.

BGF4 (Sheff) LLP is a wholly owned SPV of Barwood Regional Property Growth Fund IV LP, which sits within the Barwood Capital Group of companies. Barwood is delivering the scheme alongside development partner Tungsten Properties, a privately-owned development company based in Leicestershire.

George Graham, Director of the South Yorkshire Pensions Authority said: “We are pleased to be able to finance the redevelopment of such a prominent site in Sheffield bringing buildings which would otherwise be demolished back into use and creating new employment opportunities. This shows that we can achieve the financial objectives of the pension fund which must remain our primary focus while achieving wider benefits for our communities.”

Notes for Editors
South Yorkshire Pensions Authority is the public body responsible for the management of the £10.5bn South Yorkshire Pension Fund which looks after the pension savings of nearly 170,000 local public service workers working for nearly 600 different organisations across the County including Barnsley, Doncaster, Rotherham and Sheffield Councils.
 

Active members - This short video will guide you through each section of your Annual Pension Forecast.

https://www.sypensions.org.uk/members/All-Members/Pensions-Made-Simple

Every April contribution pay bands are reviewed in line with the cost of living to take account of inflationary increases. The bands are adjusted in line with the Consumer Price Index (CPI) rate of inflation at September of the previous year.

CPI at September 2020 was 0.5%, therefore the pay bands for the previous year have been increased and rounded down to the nearest £100.

2021 Contribution Pay Bands [PDF 505 KB]