IMPACT THEME: Work & Employment; Poverty & Disadvantage
WHAT THEY DO: Using outdoor adventure activities to engage hard to reach groups in personal and soft-skill development - from school pupils facing exclusion, to the long-term unemployed and ex-offenders
YEAR FOUNDED: 2016
INVESTMENT AMOUNT: £150,000
INVESTMENT SOURCE: Resonance West Midlands SITR Fund
INVESTMENT PURPOSE: To further develop the outdoor Adventure Hub, particularly indoor classrooms and activity areas, as well as team capacity
DEAL STRUCTURE: 6 year unsecured loan from the Resonance West Midlands SITR Fund - 3 years interest only (6.5% total cost p.a.), 3 years amortising loan (7.5% total cost p.a.). SITR eligible
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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