NAME OF ORGANISATION: Launceston Community Development Trust
YEAR FOUNDED: 2016
ABOUT: Launceston CDT exists to serve the needs of the town’s local people through a range of projects focusing on community assets, affordable housing and community spaces.
INVESTMENT PURPOSE: To support Launceston CDT’s community wide initiatives supporting affordable homes, sports facilities and rewilding nature areas.
INVESTMENT AMOUNT: £157,000
DATE OF INVESTMENT: 2019, 2021
SOURCE OF INVESTMENT: Direct Deal
IMPACT: Community & Local Democracy; Housing & Homelessness; Health, Wellbeing & Social Care
ABOUT: Run by members of the Launceston community, Launceston CDT organises a series of community projects to serve the local area. To combat the rise of second homes in Cornwall and general rising prices of homes, Launceston CDT’s ‘Prout’s Corner’ project aims to create sustainable, affordable housing specifically for families on low income and core links to the town’s community. The project will build 28, eco, affordable dwellings within walking distance of Launceston Town Centre, along with an open community orchard for local community groups. Launceston CDT also runs ‘Active Launceston’, a community wide initiative hoping to increase the levels of activity in the community by utilising the many sporting outlets Launceston has to offer – and exploring what assets would be most useful on the way to achieving that. ‘Forest for Launceston’ is Launceston CDT’s third project and a partnership with Cornwall Council to turn some unused open space and woodland on the outskirts of the town centre into a community, biodiversity haven.
PURPOSE OF INVESTMENT: The initial investment helped begin the planning stages of the Prout’s Corner Project with putting together architect’s drawings to give the community a good idea of the proposed housing and community spaces. The second investment supported Launceston CDT’s Active Launceston project, allowing the group to extend their visioning and complete a land options appraisal of suitable sites nearby. This local initiative aims to result in the addition of new sporting facilities for their community.
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.
Disclaimer: This website does not contain, constitute, nor does it form part of, an offer to sell or purchase or a solicitation of an offer to sell or purchase, any securities, investments or financial instruments referred to herein or to enter into any other transaction described herein. Resonance is not providing, and will not provide, any investment advice or recommendation (personal or otherwise) to you in relation to any securities, investments or financial instruments or transactions described herein. Whilst all reasonable care has been taken to ensure the accuracy of the information contained in this website, neither Resonance nor its officers accept any liability for its contents or for any errors or omissions.