IMPACT THEME: Health, Wellbeing & Social Care; Work & Employment
WHAT THEY DO: Set up to address the lack of care provision in the North East Dartmoor region. They provide domiciliary care to people in their home to around 13,500 residents
YEAR FOUNDED: 2015
INVESTMENT AMOUNT: £150,000
INVESTMENT SOURCE: Health & Wellbeing Challenge Fund SW
INVESTMENT PURPOSE: To provide working capital and to allow the organisation to recruit more care workers to grow across the region
DEAL STRUCTURE: 6 year unsecured loan from the Resonance Health & Wellbeing Challenge Fund - 2 years interest only (7.5% total cost p.a.), 4 years amortising loan (7.5% total cost p.a.)
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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