NAME OF ORGANISATION: Somerset Local Foods CBS
LOCATION: Somerset
YEAR FOUNDED: 2002
ABOUT: Somerset Local Foods supports local growers in delivering affordable food to often rural and isolated communities in Somerset. It promotes health and wellbeing through local produce, create community growing projects and ensure affordability and inclusivity of fresh, healthy produce.
INVESTMENT PURPOSE: To provide working capital to improve operations, enabling the growth of the organisation by reaching out to more people and producers across the rural county.
INVESTMENT AMOUNT: £100,000
DATE OF INVESTMENT: June 2018
SOURCE OF INVESTMENT: Health & Wellbeing Challenge Fund
IMPACT: Health, Wellbeing & Social Care; Food & Farming;
ABOUT: Somerset Local Foods offers an innovative food delivery service, covering large parts of rural Somerset and some urban areas, working with a range of local, organic, and socially conscious food producers. The organisation’s main aims are to reduce rural isolation, encourage the uptake of healthy food more widely, and provide employment opportunities to locals. The organisation is also keen to protect the local environment, through sourcing traditional and ecological growers that improve quality of the produce whilst also increasing biodiversity.
PURPOSE OF INVESTMENT: This working capital from the Heath and Wellbeing Challenge Fund will help Somerset Local Foods in growing the organisation and reaching more across the county. Reaching more people and reducing rural isolation is a key part of the organisation: Delivering complete meals made with locally sourced ingredients will support elderly people in continuing living independently in their own homes.
Tom Crook, Investment Manager at Resonance: “The group is going to be using the investment to champion the benefits of eating healthily, understanding where food comes from, and using local produce to connect up isolated people in rural communities.”
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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