Article date: 13 October 2005
Norwich Union's socially responsible investment(SRI) team has spotted a potential World Cup winner.
Goals Soccer Centres builds and manages five-a-sidefootball pitches in the UK, and many of the sites are on landleased from schools or local authorities. The company pays schoolsground rent in addition to giving them free day-time use of thefacilities. Now that England have qualified for the World Cup,Norwich Union's SRI fund managers believe outlook for the companyis bright.
Clare Brook, head of SRI at Norwich Union, said: “Weinvested in Goals Soccer because it fits in well with our theme ofhealth and fitness. Five-a-side football is becoming more popularand the company has seen demand for its pitches increase. Now thatEngland have qualified for the World Cup we expect that there willbe a surge in interest in five-a-side football and more demand forgood-quality pitches.”
Shares are held by the Norwich Union UK Ethical, Norwich UnionSustainable Future Managed, and Norwich Union Sustainable Future UKGrowth funds.
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Notes to editors:
Norwich Union is one of the UK's biggest insurers. It is aleading provider of life, pensions and investment products and oneof the largest Financial Adviser (FA) providers. FAs provide over70% of the company's long-term savings business in the UK.
Norwich Union has strategic alliances with building societiesand other leading UK brand names including CIS and The Royal Bankof Scotland Group. Norwich Union's news releases and a selection ofimages are available from Aviva's internet press centre atwww.aviva.com/media .