Leading ﬁnancial and development stakeholders in the United Kingdom are exploring how U.K. ﬁnancial institutions can expand their capacity to effectively make place-based impact investments. This paper synthesizes lessons from the United States, where ﬁnancial institutions have a longer history of engaging in economic place-making, in the hopes it can inform efforts to grow the practice in the U.K. The paper begins with a discussion of two frameworks – market-based development and development ﬁnance – which are the respective principles and specialized approaches that inform the roles of ﬁnancial institutions in place-based investment. It then dives into each of the three roles for ﬁnancial institutions in economic place-making: direct provision of ﬁnancial products, indirect investing through intermediaries, and capacity building. It concludes with an examination of governmental programs and policies to support community investments by ﬁnancial institutions, followed by a discussion of the key insights and potential implications for the U.K.