Resonance

Greater Manchester Community Led Homes

Accelerating the Number of Community-led Homes in Manchester

NAME OF ORGANISATION: Greater Manchester Community Led Homes (GMCLH)

LOCATION: Greater Manchester

ABOUT: GMCLH's purpose is to both accelerate the number of community-led homes that are to be delivered in its city region and to support community-led housing groups to remain sustainable for the long term.

INVESTMENT PURPOSE: To support the pre-development of projects which aim to help communities take action on housing.

INVESTMENT AMOUNT: £50,000

DATE OF INVESTMENT: 2023

SOURCE OF INVESTMENT: Resonance Community Developers

IMPACT: Housing & Homelessness; Community & Local Democracy

ABOUT: The CBS has over 24 active projects, including 12 new projects started since the beginning of 2023. It has over 60 Community Shareholders, a volunteer board of 10 members and over 50 volunteers. It has a mission to collaboratively build and manage community-led homes with and for communities throughout Greater Manchester.

PURPOSE OF INVESTMENT: Investment from Resonance has been critical to GMCLH's strategic activity and specific projects. A key aim has been to establish working partnerships with boroughs that are interested in the community-led housing agenda. This has made significant progress in Oldham, where it is working on a range of sites and projects as a new partnership agreement with the council. This provides long-term potential for increasing the supply of community owned homes in areas where such opportunities are otherwise limited.

“Working with Resonance has been excellent and effective, ranging from specialist financial planning input to detailed work on specific projects. The nature of the work, especially where we are focused on engaging with communities where resources and capacity are limited and stretched, requires patience, resilience and creativity as well as commitment to long-term outcomes. Resonance has consistently delivered on those qualities and values.” Bill Lovat, CEO, GMCLH

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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