Welcome to our Community Asset Funds Social Impact Report for 2018/19, our seventh year of operation. Our first two community asset funds – the Community Share Underwriting Fund (CSUF) and the Affordable Homes Rental Fund (AHRF) are closed for investment and both have been deployed. The CSUF investees have now all repaid their loans enabling the Fund to achieve a full exit, fulfil target returns and return capital to investors in a way that demonstrates real social impact.
Our Resonance Community Assets Funds are on the cusp of a new era and we are excited to be launching a new fund based on our experience gained and impact achieved with the original two funds. Our new Fund, Resonance Community Developers, is preparing to launch and has made some initial investments.
This report shares the final round-up of the impact directly created by the investments from the Community Share Underwriting Fund and the Affordable Homes Rental Fund, based on the information investees have provided over the last twelve months. The impact of these investments continues and provides Resonance with invaluable data from which we have been able to develop our new Fund. In addition, many of these investees have been sharing their ideas and initiating new projects, that will carry on generating outcomes in line with the impact objectives of the two Funds for generations to come.
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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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