The story behind the fund
The Resonance Community Developers, which is open for investment, is a social impact fund that is designed to help communities meet local needs by creating and owning income-generating assets, such as affordable homes, sports facilities or community renewables. It has made some initial investments in community projects across three initial areas: Cornwall, Gloucestershire and the North West. The aim is to grow to operate nationally.
Resonance Community Developers builds on our track record of successfully investing into communities through our Community Share Underwriting Fund and Affordable Homes Rental Fund. Together, these two Funds supported a total of twenty-two projects, with £8.3m invested and underwritten by Resonance.
INVESTMENT PROPOSITION KEY FACTS:
- WHO YOU LOAN TO: COMMUNITY GROUPS
- IMPACT: COMMUNITY RESILIENCE AND EMPOWERMENT TO MEET LOCAL NEEDS
- TARGET FUND SIZE: £100m+
- EXPECTED RETURNS: 4%
- TERM: MIN. 5 YEARS
- ASSETS: EQUITY INVESTMENT INTO COMMUNITY-LED HOUSING, SPORTS AND LEISURE AND RENEWABLES
- OPEN FOR INVESTMENT: OPEN FOR INVESTMENT