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, here are a few:
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.
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, including housing for the homeless, community owned renewable energy, forestry conservation and microfinance. Project Snowball has supported both our Community Asset Funds and Property Funds with investment.
Worthstone aims to bring impact investing to the UK mainstream. They help financial advisors to navigate the increasing choice of social impact investment products including a number of Resonance funds. They are a hub of specialist expertise that provides outsourced resource and practical tools, to enable firms to offer a solution to capital holders for whom seeking alignment between their investments and their values has become a paramount consideration. In essence, they provide a one stop shop for financial planners seeking to advise on social impact investment.
Big Society Capital is a financial institution with a social mission, set up 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. It is doing this by building a diverse social investment market: encouraging investors to lend or invest money to achieve a social as well as a financial return. Since it was set up as an independent organization in 2012, Big Society Capital has invested over £270 million in specialist organizations that lend to charities and social enterprises. Resonance manages over £37m of BSC funds.
The Transformational Index team is a social impact measurement and design organization. It provides tools, products and services to help organizations quickly identify their intended theory of change and also helps them measure and ultimately manage their social impact.
Over many years Resonance has forged a strong working relationship with the team at TI to evolve the services that it offers and Resonance is a licensed user of TI products.
Esmée Fairbairn Foundation aims to improve the quality of life for people and communities throughout the UK both now and in the future. They do this by funding the charitable work of organizations that are building an inclusive, creative and sustainable society. The Foundation is one of the largest independent grant-makers in the UK. In 2017 they made grants of £40.5 million towards a wide range of work within the arts, children and young people, the environment and social change. In 2018 they celebrated ten years of their Social Investment Fund and have allocated £45 million to social investments for organizations with the aim of creating social impact. They have worked in partnership with us for over six years and 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.
Nationally there are fifteen AHSN regional bodies set up by NHS England to identify, adopt and spread innovation across the region. The SW AHSN has uniquely chosen as one of its priorities the innovation in and with social enterprises and the wider voluntary and/or third sector. With Resonance the SW AHSN worked to co-design a new fund and anchored it with investment that ultimately leveraged in nearly ten times the capital from other sources. The ambition is to demonstrate that system change can come from strengthening social enterprises that have innovative models, challenging the status quo from the bottom up. We call this fund the Health & Wellbeing Challenge Fund (South West). We think this is another model for cause focused organizations to partner with investment specialists. Without each other, neither of us would have attempted this on our own.