The story behind the fund
We will be launching this new Fund in spring 2019 when it will open to qualifying investors. It will start investing in community projects across three initial areas (Cornwall, Gloucestershire and the North West) and then 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 22 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: COMING SOON