We are natural collaborators and intentionally work with others that enable us to have a greater impact with helping social enterprises. Each partnership is unique and we look to find ways that we can achieve more together than we can on our own – it’s not just about expansion it’s about synergy. We are privileged to have a number of great partners, many of which are listed below, with a few described in more detail, to illustrate how we work together.
Esmée Fairbairn Foundation • Barrow Cadbury Trust • City Bridge Trust • Friends Provident Foundation • Guy’s & St Thomas’ Foundation • Joseph Rowntree Foundation • Lankelly Chase Foundation • London and Quadrant Housing Trust • National Lottery Community Fund • Samworth Foundation • Treebeard Trust • Trust For London • Andrews Charitable Trust • Blagrave Trust
EQ Investors • Rathbone Greenbank Investments • Ifamax • UBS • Paradigm Norton • Prydis • King’s Court Financial Planning LLP • Grierson Dickens • Cazenove Capital • BpH Wealth Management • Chamberlyns • Patron Capital Partners
Bristol City Council • Greater London Authority • Oxford City Council • West Midlands Police and Crime Commissioner • Westminster City Council • Croydon Council • Lambeth Council • Milton Keynes Council • Greater Manchester Combined Authority • Homes England • Sport England
Access • Big Society Capital • Ethex • Snowball
Access works to make charities and social enterprises in England more financially resilient and self-reliant, so that they can sustain or increase their impact. They do this by supporting the development of enterprise activity to grow and diversify income, and improve access to the social investment which can help stimulate that enterprise activity. Access has worked with us for a number of years. We are an Access Point for their Reach Fund, which provides investment readiness grants.
Big Society Capital was set up as an independent organisation to build the social investment market in the UK, so that charities and social enterprises can access appropriate repayable finance to enable them to grow, become more sustainable and increase their impact on society. Since 2012, Big Society Capital has made more than 90 investments into fund managers and social banks, which in turn make money available to social enterprise and charities to create impact. Over 1,200 social enterprises and charities have received investment from Big Society Capital, from over £2bn of available investment.
Esmée Fairbairn Foundation aims to improve the quality of life for people and communities throughout the UK. They do this by funding the work of organizations that are building an inclusive, creative and sustainable society. One of the largest independent grant-makers in the UK they celebrated ten years of their Social Investment Fund in 2018 and have allocated £45 million to social investments with the aim of creating social impact. They have supported our Property and Community Asset funds with investment.
Through the Ethex platform, people can invest in causes that are important to them and these organizations can find the investment they need to grow and develop. Ethex hosts some of the Resonance investment opportunities suitable for individual investors including community share offers and the two Resonance SITR Funds.
Several local authorities have invested in our Resonance Homelessness Property Funds and repeat investment is increasing. One of those that has reinvested is the Greater London Authority (GLA), that invested £15m into Real Lettings Property Fund2 in 2018, followed by a further £2m match funding aimed specifically at providing homes for former rough sleepers and survivors of domestic abuse.
Rathbone Greenbank Investments is the dedicated ethical and sustainable investment team of Rathbones, one of the UK’s leading investment managers. Rathbone Greenbank have been staunch supporters of our Resonance Social Investment Tax Relief (SITR) Funds covering the South West, North West and West Midlands. They have brought the highest number of investors to those funds, who have been able to take advantage of the tax relief, whilst supporting social enterprises to tackle poverty and inequality in those regions.
Snowball is an innovative impact investment firm that runs a globally diversified multi-asset portfolio that seeks to maximize positive social and environmental impact as well as make a competitive financial return. Snowball’s mission is to make impact investment easy for everyone to access and to change the financial system to mainstreaming impact investing. The portfolio has exposure to public and private market investments. Snowball has supported both our Community Asset Funds and Property Funds with investment.
The South West Academic Health Science Network was a key investor in the Health & Wellbeing Challenge Fund. This innovative organization works to improve the health and patient experience of people in the South West by supporting and accelerating innovation and quality improvement. They spread proven innovations and programmes across the South West health care system; provide support and opportunities to innovators and businesses which have creative solutions for challenges in health and care; work with a number of partners to support ideas which improve lives and the way in which care is provided; and their Patient Safety Collaborative supports continuous learning and improvement to reduce the risk of harm and make care safer for all.
Our partnership with St Mungo’s focuses primarily on scaling their social enterprise ‘Real Lettings’ through a series of private rented sector (PRS) property funds to provide ‘move-on’ accommodation for homeless individuals and families. It is our most significant partnership to date and a real example of how investors and charities can behave like peers rather than transactional adversaries.
The Curiosity Society helps organisations to make a better world, by using learning and design to change systems. Over many years Resonance has forged a strong working relationship with the team to evolve the services that it offers, working across the organisation and its funds to understand and enhance their positive impact.
The Curiosity Society co-developed the Transformational Index (TI), a tool for describing and measuring social impact. Resonance is a licensed user of TI products.
Patron was established in 1999 to make value-oriented and opportunistic real estate and real estate-related investments primarily in Western Europe. Since its founding, Patron has raised over €4.0 billion of equity capital from over 100 primarily institutional investors, including sovereign wealth funds, pension plans and endowments and foundations across five funds and co-investment pools. As of 30 June 2020, Patron has made 81 investments in 16 countries.
Patron Capital Partners has expertise and a successful track record gained over twenty years in investing in a strong and diversified real estate portfolio, including housing investments and has established a strong trusted network with a wide range of investors. Patron actively pursues a combination of social impact initiatives and real estate investments which fits their experiences and resources to provide support to those who need it including running numerous charitable initiatives.
As a firm and through its investments, Patron operates with strong ethics and responsible governance. Patron takes its responsibilities towards its investors and broader society seriously. As an indication of its strong social commitments, Patron will commit £1m as a cornerstone investment to support the Women in Safe Homes fund to launch and scale-up.
We are excited to be jointly managing the Women in Safe Homes fund with Patron. By combining our complementary strengths and experiences across property investment and social impact focuses, Resonance and Patron Capital will be better able to focus our activities and deliver, develop and scale this innovative housing model to meet the pressing needs of women who need it the most.
For more than a century the Trust for London has been at the forefront of efforts to help low-income Londoners to help themselves. Many of the schemes that they’ve funded were radical at the time but have become an accepted part of London life.
Trust for London works on some of London’s most pressing social issues, promoting equality and fighting poverty. Their focus is to improve work, housing and living standards as well as opportunities for people facing sustained and systemic disadvantage such as disabled people.
Trust for London’s willingness to find innovative ways to tackle the issues on which they are focused, led to them becoming one of the first investors into our Homelessness Property Funds. They have invested in both our Real Lettings Property Funds 1 & 2, supporting people in London who were at risk of homelessness.
Greater Manchester Combined Authority (GMCA) is made up of ten Greater Manchester councils and the Mayor, which work with other local services, businesses, communities and other partners to improve the city region for the 2.8 million people who live there.
Their vision is to make Greater Manchester one of the best places in the world to grow up, get on and grow old. The Greater Manchester Strategy sets out a set of clear priorities for delivering this goal, including:
• All children to start school ready to learn
• Young people equipped for life
• Good quality housing, and an end to rough sleeping
• Greater Manchester to pioneer a positive vision for growing older
We have worked closely with GMCA in relation to our Resonance Supported Homes Fund, into which GMCA invested £5m in July 2020. They also helped in the development of the National Homelessness Property Fund 2, which which launched recently and will focus and focus on helping people at risk of homelessness in the North West. GMCA has also been helping us expand Resonance Community Developers across Greater Manchester.