IMPACT THEME: Education & Learning; Health, Wellbeing & Social Care
WHAT THEY DO: Social enterprise offering social training, ground work services, community spaces, growing spaces, and horticulture links
YEAR FOUNDED: 2014
INVESTMENT AMOUNT: £100,000
INVESTMENT SOURCE: Health & Wellbeing Challenge Fund SW
INVESTMENT PURPOSE: To provide working capital to Newquay Orchard while they recruit people to fulfil contracts with Cornwall Council amongst others
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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