NAME OF ORGANISATION: Blackbridge Community Land Trust
YEAR FOUNDED: 2017
ABOUT: Passionate local residents of Podsmead, Gloucestershire are turning to their next community project: a new sports and community hub for an area with the highest inactivity levels in the county.
INVESTMENT PURPOSE: To kick start a project for a new sports and community hub.
INVESTMENT AMOUNT: £100,000
DATE OF INVESTMENT: 2019
SOURCE OF INVESTMENT: Resonance Community Developers
IMPACT: Health, Wellbeing & Social Care; Poverty & Disadvantage;
ABOUT: Gloucester city has the highest inactivity levels in the whole county of Gloucestershire. The ward of Podsmead has a strong sense of community spirit and an abundance of open space, but it has no formal leisure provision, resulting in very low physical activity rates.
The CLT is made up of a group of passionate and talented local residents, who are aiming to deliver a sports and community hub, as well as identify further development opportunities in the future across Podsmead and Matson. The centre will provide a new community building with fitness studio, gym, meeting rooms, office space and a community café. There will be a full size artificial sports pitch (3G) to be utilized across a range of sports. The project will also deliver a new access road and car park, landscaped park and wetlands area.
PURPOSE OF INVESTMENT: The Resonance Community Developers has made an initial investment of £50,000 through purchase of community shares in BCLT. This investment will help Blackbridge Community Land Trust with the feasibility works to get the project planning consent, including professional & design team fees, project lead management, surveys and other professional services advice such as tax, legal & business.
Gerry Hartin, Blackbridge CLT: “I’ve lived almost my entire life in the Podsmead area, and I am excited to be part of the team helping to bring positive change to the area. This development of the new community hub, with all the facilities attached to it will make such a significant difference to our community, helping to give individuals access to sports and leisure facilities that are so badly needed.”
Resonance Limited is a company registered in England and Wales no. 04418625
Resonance Impact Investment Limited, a subsidiary of Resonance Limited, is authorized and regulated by the Financial Conduct Authority (FCA). Firm number 588462.
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