Established in Spring 2014, Allerdale Investment Partnership (AIP) is an innovative partnership between Allerdale Borough Council and the founders and owners of fund administrator IAG.
By enabling the development of surplus land in the Council's ownership, AIP will help to support and sustain the growth and development of local communities across Allerdale by bringing new jobs, retail, housing and leisure facilities to the borough, as well as generating funds that the Council can then reinvest in the local community and support the services it offers.
Allerdale Borough Council is responsible for an amazingly diverse landscape and population across the northwest of Cumbria. The area is made up of distinct urban areas, forests, fells, farmland and lakes, as well as fertile coastal plains, including an Area of Outstanding Natural Beauty which stretches along the Solway estuary. Its population of 96,400 is spread throughout bustling modern town centres, historic market towns, hugely popular tourist destinations and miles of beautiful countryside.
IAG is a fund administrator founded in 2000 with close to £12 billion under administration. IAG works in a variety of sectors, but with a particular focus on property and development in the UK, from care homes and leisure to offices and shopping centres.