Investment In Cooperative Homes For Local People In The East Midlands
Resonance Community Developers is a social impact fund designed to help communities meet local needs by creating and owning income-generating assets such as affordable homes, sports facilities or renewable energy. The Fund has started investing in community projects across three initial areas: Cornwall, Gloucestershire and the North West. The plan is to grow to operate nationally. It will be able to help with pre-development feasibility, land acquisition and construction costs.
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.
- IMPACT FOCUS: Community resilience and empowerment to meet local needs
- WHAT WE FUND: Community-led housing, sports facilities and renewable energy
- AMOUNT: Up to £3m
- COST: Terms available on application
- TERM: 3 years