Lucra
Asset Management Limited
Structured Social Housing Finance
A UK‑based company that structures, funds, and oversees the delivery of long‑term social housing in partnership with local authorities — at no capital cost to the council.
The Crisis
Demand for safe, high‑quality social housing is rising sharply across the UK, yet housebuilding has stalled at exactly the wrong moment. Developers have pulled back, planning pipelines have slowed, and the new social homes that communities urgently need are simply not being built at anything close to the scale required.
Meanwhile, local authorities are left to manage the consequences — legally obliged to house homeless households, but with nowhere near enough stock to do so. The result is an ever‑growing reliance on expensive temporary accommodation: B&Bs, hostels, and nightly‑paid private lets that cost councils across England a staggering £2.84 billion in 2024/25 alone — more than double what was spent just five years ago. Net expenditure after subsidies still reached £1.43 billion, a figure that is pushing many councils toward the brink of financial crisis.
"This is not a sustainable solution. It is a vastly expensive sticking plaster being applied to a problem that can only be solved by building more homes."
Our Solution
We offer a complete solution spanning the full lifecycle of every project — from funding and commissioning new developments, through construction oversight, to long‑term asset and tenancy management. Every home is delivered at no capital cost to the local authority and maintained at no cost throughout the lease period, enabling councils to bring forward housing that would otherwise be unaffordable or undeliverable.
We work exclusively with UK local authorities to provide high‑quality, sustainable homes for people in genuine need — including individuals and families experiencing homelessness, housing insecurity, or a lack of appropriate accommodation. Our focus is practical: turning approved schemes into homes that are built, occupied, and responsibly managed.
Lucra Asset Management acts as the principal contracting and asset‑holding entity and is the parent company of Inspired Structured Solutions Limited (ISSL), which supports operational delivery. Together, the group coordinates development partners, contractors, and suppliers while retaining full accountability for asset performance, regulatory compliance, maintenance, and tenant engagement across every scheme.
Our model gives local authorities access to modern, energy‑efficient housing at scale — under long‑term lease arrangements, with no upfront capital expenditure and no ongoing maintenance liabilities. This replaces an unsustainable cycle of temporary accommodation spend with a permanent, cost‑effective solution backed by professional governance, transparent reporting, and a genuine commitment to social impact.
Institutional Backing
Our projects are financed through long‑term institutional capital. J.P. Morgan has worked closely with us over multiple years to understand, stress‑test, and help shape the financial model that underpins our approach. That long‑term commitment reflects both the rigour of what we have built and the scale of the opportunity to deploy institutional capital into the UK's most pressing social need.