What you need to know to get investment from this fund
Resonance’s first Social Investment Tax Relief (SITR) Fund brings £5m investment to the social enterprise sector in and around Bristol over the next two years.
The Fund offers unsecured loans over a six year term, “interest only” for the first three years.
Resonance selected SITR as the framework for the Fund because the legislation is specifically designed to support the social enterprise sector to access social investment more affordably, whilst attracting investment from individual social investors.
Investment Proposition Key Facts:
Geography: Bristol & the surrounding area
Impact Focus: Dismantling Poverty
What We Fund: Social enterprises that need investment to grow
Amount: £100K - £500K
Cost: Around 6% per annum (+/- depending on business risk)
Term: 6 years interest only for first 3 years (equity investment also available)