Resonance Bristol SITR Fund Social Impact Report 2016/17
Investing in Dismantling Poverty in Bristol – the First Year of Impact
This is the first annual social impact report for the Resonance Bristol SITR Fund – the first impact investment Fund of its kind using Social Investment Tax Relief (SITR) to build a portfolio of investments into social enterprises in the region. The Fund is invested in by individuals, either directly or through their Independent Financial Advisor (IFA) or wealth manager, who receive a tax benefit and financial return on their investment, but can also see the tangible effects their investment is having on the complex roots of poverty in the region.
In its first year, the Fund invested in five very different social enterprises: South Bristol Sport Centre, PAPER Arts, Bristol 24/7, Bearpit Bristol and Chandos House and this report explains that although the investments from the first year of the Fund’s operation are quite recent, all five social enterprises have increased their social impact or have made steps towards doing so.