After a long 18 months of working from home, the team in Manchester are thrilled to be setting up home in an exciting new location in the city centre. Bloc, situated by Spring Gardens, lies within the Upper King Street conservation area and has some fantastic facilities that our staff in Manchester are eager to make the most of.
Since the start of the pandemic, we have been delighted to welcome 13 new members of the team to Resonance, based across the UK, taking the total number of employees to 51. We now have a team of 16 based in Manchester, and as the size of this team has expanded and grown, so has the need for an office that gives us greater flexibility. We are very excited for the new possibilities and opportunities that this office space will provide.
The growth in our team numbers is due to the amazing growth in our social impact homelessness property funds. In the last 18 months these have grown from £199 million to £272 million, launching 4 new funds. Within our property funds we now have three distinct strategic themes focusing on homelessness, learning disability and vulnerable women.
One of these new funds is the National Homelessness Property Fund 2. This fund has been created following the successful model of the National Homelessness Property Fund 1, - which was launched in December 2015 purchasing 229 properties and housing nearly 600 people who were at risk of or experiencing homelessness – and in response to the growing need for affordable housing.
This new fund will initially focus on purchasing affordable homes in the Greater Manchester region and aims to grow to £100m, over its lifetime, and provide around 870 affordable homes across the UK. We are pleased to be working with impact investors and charity partners, such as Let Us, to help make a real difference to people’s lives through safe and affordable homes to those at need across the Greater Manchester area.
Resonance Manchester office address:
Suite 707, Bloc
17 Marble Street
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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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