NAME OF ORGANISATION: Memory Matters CIC
LOCATION: Devon
YEAR FOUNDED: 2016
ABOUT: Memory Matters is an award-winning social enterprise which runs the Moments Café. It works to change the face of dementia support in the community using therapeutic approaches to memory loss for those living with dementia and their carers alike.
INVESTMENT PURPOSE: This investment supported the development and implementation of a model to allow them to package their current offer so it can be rolled out across the region.
INVESTMENT AMOUNT: £50,000
DATE OF INVESTMENT: March 2018, November 2018
SOURCE OF INVESTMENT: Health & Wellbeing Challenge Fund
IMPACT: Health, Wellbeing & Social Care; Poverty & Disadvantage
ABOUT: Set up and run by two specialist dementia nurses, Memory Matters provides community-based workshops and engagement sessions for people suffering from dementia and their families. Memory Matters are champions of Cognitive Stimulation Therapy (CST); a therapy proven to slow the progression of dementia and increase quality of life, which is weaved into their services. Memory Matters works with organisations in the South West to achieve our goal of ensuring that every person diagnosed with dementia, as well as those close to them, has access to the support they need to continue to lead a happy and fulfilled life. Memory Matters also provide training to healthcare professionals.
PURPOSE OF INVESTMENT: This investment will enable it to expand the delivery of its training packages through workshops via franchisees, initially across the South West. Memory Matters received an initial £10,000 Launchpad Loan from the H&WCF and alongside some Reach Funding, it worked to develop its franchise model. Managing the investment over this period enabled them to develop a track record giving everyone the confidence for the enterprise to receive further investment. This is the first organisation that has converted from a Launchpad Loan to a full loan, demonstrating that a small injection can lead to larger loans being approved.
Kate Smith, Co-Founder of Memory Matters: “We are delighted to have been successful in gaining investment from the fund for this really exciting project. It means that we can increase our impact and most importantly that many more people living with dementia will have access to evidence-based cognitive therapy in their own community.”
Tom Crook, Investment Manager at Resonance: “I am delighted that we have been able to provide follow-on investment. Memory Matters has done a huge amount of work with limited resources since receiving the Launchpad Loan, and I feel it is in a really good place to expand its impact across the region.”
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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