Investment In Cooperative Homes For Local People In The East Midlands
Resonance Community Developers is a social impact fund that works with communities to deliver the assets they need to develop and become more resilient.
We will invest in community-led projects designed to provided:
- Affordable home
- Sports and/or leisure facilities
- Renewable energy generation
We invest mainly in Community Benefit Societies, and can help from the start of the project right through to completion, with:
- Financial support for pre-development feasibility and land acquisitions
- Development finance
Resonance Community Developers has started investing in community projects across three initial areas: Cornwall, Gloucestershire and the North West.
Key Facts
- IMPACT FOCUS: Community resilience and empowerment to meet local needs
- WHAT WE FUND: Community-led affordable housing, sports & leisure facilities and renewable energy generation
- AMOUNT: Up to £2.5m
- COST: Terms available on application
- TERM: 3 years
About Community Benefit Societies
Community Benefit Societies are a great way to deliver community-led asset projects. We have chosen this as the main legal structure for Resonance Community Developers to invest into, as it offers the following benefits:
- Enables community shares to be issued
- Income and assets are locked into the Communty Benefit Society so profits can be recycled by the community
- Multiple projects can be delivered through the Community Benefit Society so legal structures are not replicated to deliver additional projects
- Resonance Community Developers can work with communities for the long-term investing in different types of projects as needs change