NAME OF ORGANISATION: Firestone Plymouth
YEAR FOUNDED: 2016
ABOUT: Plymouth Lighthouse Project CIC, trading as Firestone Plymouth, provides supported housing for men with drug and alcohol issues in a mutual aid community, helping its participants establish sustainable lives for when they move on.
INVESTMENT PURPOSE: This investment is for the refurbishment and running of a 10-bedroom property which provides safe, homely accommodation with experienced staff on hand.
INVESTMENT AMOUNT: £200,000
DATE OF INVESTMENT: September 2018, December 2018, July 2020
SOURCE OF INVESTMENT: Health & Wellbeing Challenge Fund
IMPACT: Health, Wellbeing & Social Care; Poverty & Disadvantage
ABOUT: Firestone believes the best way to understand the recovery process is to be surrounded by likeminded individuals already embarked on the recovery journey. Its aim is to provide a safe and supported environment to men who are recovering from addiction using the 12-step program. Making sure that residents engage with the recovery process helps to ensure the house is a friendly, warming environment. Its sister project in Bideford has been running successfully for almost five years.
PURPOSE OF INVESTMENT: This investment is for the refurbishment and running of a 10-bedroom property which provides safe, homely accommodation with experienced staff on hand. Whilst living in the house the residents learn about their own neuroscience using an online course, and access further support through organisations like Alcoholics Anonymous and Narcotics Anonymous.
Dominic Robinson, Managing Director: “The men we help have often spent years trapped in cycles of self-destruction and suffering. They arrive feeling very low and at a loss to make sense of how and why things have gone so wrong for them. This investment will help us to provide a high-quality homely environment, so our residents enjoy a felt sense experience that they are being valued and cared about as they engage in their mutual aid processes of learning and recovering.”
Tom Crook, Investment Manager at Resonance: “They encountered a number of hurdles to get the project started and I was impressed that all involved kept the reason for doing what they were doing at the front of their minds showing real persistence. It is really exciting for the Fund to be investing in Plymouth Lighthouse, knowing the impact they are going to make to those with drug and alcohol issues in the Plymouth area and beyond.”
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.