Resonance

YMCA Dulverton

Local YMCA Supporting Community

NAME OF ORGANISATION: YMCA Dulverton Group

LOCATION: South West

YEAR FOUNDED: 1884

ABOUT: YMCA Dulverton is a charity responding to the needs of the local area through a wide range of activities and facilities.

INVESTMENT PURPOSE: To support YMCA Dulverton through disruption due to the pandemic.

INVESTMENT AMOUNT: £400,000

DATE OF INVESTMENT: 2021

SOURCE OF INVESTMENT: Resilience and Recovery Loan Fund – Social Investment Business

IMPACT: Housing & Homelessness; Poverty & Disadvantage; Community & Local Democracy

ABOUT: YMCA Dulverton Group is a vibrant, local charity that is dedicated to responding to the needs of individuals and communities. Through multiple centres the Group provides a wide portfolio of activities and facilities including a café, gym, large sports centre, meeting and conference rooms and a variety of weekly youth groups. Every year YMCA Dulverton Group provides approximately 500 young people, individuals and families with a place to live and helps many more find accommodation that is suitable to them across Somerset and Devon.

PURPOSE OF INVESTMENT: When the pandemic struck, YMCA was able to convert its commercially run Beach Hotel into emergency accommodation for rough sleepers and other people needing a place to stay.

The investment from the Resilience and Recovery Loan Fund provided cashflow to support the organisation as, like many organisations across the country, it saw a big impact on its revenues as a number of its services had to be closed due to the restrictions. The liquidity this investment provided enabled the organisation to continue supporting rough sleepers in the region during the pandemic, as well as finding ways to continue to support people in their 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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