Dismantling poverty in the West Midlands through investment in social enterprise - the first year of impact
The Resonance West Midlands SITR Fund is a pioneering social impact investment fund aimed at helping to dismantle poverty in the West Midlands by investing in local social enterprises. It takes advantage of Social Investment Tax Relief (SITR) to simultaneously lower the cost of loans for enterprises and to enable a competitive return to investors.
This report covers the first seven full months of the Fund since its first close at the end of August 2018. It summarizes what the Fund is working to accomplish, the progress made to date and specific impact achievements made by the Fund's initial investees.
We are delighted to see the level of impact already being delivered through the brilliant social enterprises we're supporting and look forward to seeing what more can be achieved as we continue to invest in social enterprises tackling poverty and disadvantage across the region.
The Fund remains open for investment and is intended to invest into social enterprise in the West Midlands for years to come.
Watch our short video from leading investors and our team on the benefits of SITR to investors and social enterprises.
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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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