Just Group plc (“Just”), the FTSE 250 retirement specialist, has completed a £20 million investment for the M6 Toll Road, supporting the UK’s productive finance agenda.

The refinancing is a 22-year loan to the Midland Motorways Group. It directs long-term, institutional capital into the M6 Toll Road project and supports a nationally significant transportation asset that boosts regional connectivity and economic resilience.


Just’s investment will contribute to upgrades, such as smart motorway integration and modernised tolling systems, that support sustainable infrastructure development. Environmental initiatives include plans to expand electric vehicle infrastructure, building on a significant reduction in greenhouse gas emissions achieved since 2019.


The project demonstrates how long-term, institutional investment is being crowded in from major institutional investors in the UK economy, like Just, to deliver tangible public benefits and supporting the UK’s broader goals for sustainable growth and infrastructure renewal.


The placement was sourced, structured and managed by the in-house private asset origination team at Just following significant enhancements to its internal investment capabilities. These new capabilities meant that, in 2024, Just was able to internally originate £1.3 billion, or 54%, of the £2.4 billion of illiquid assets.


Just is trusted to manage over £27 billion of retirement savings, of which more than £3.6 billion (as at FY 2024) has been invested in dedicated sustainable assets such as renewable energy projects, affordable and social housing, clean transportation and other social assets. In 2024, Just invested £1.8 billion in productive finance assets.

Mohamed Tabi, Director of Credit and Portfolio Management at Just Group PLC said, “As a UK institutional investor deploying pension capital, Just is well-positioned to finance nationally significant infrastructure that delivers long-term economic and social value.


With a strong track record in private assets and a strategic focus on resilient UK investments, we are pleased to support the M6 Toll Road’s continued development on enhancing journey reliability and reducing emissions in the West Midlands. We help people achieve a better later life – it’s Just’s purpose and investments like this help us fulfil that purpose by providing certainty through long-term fixed rate financing into the economy.”