

Alma Economics Report 2025
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HOMELESSNESS PROPERTY FUNDS SOCIAL IMPACT REPORT 2024/25
A key part of our contribution is conducting and commissioning research, sharing financial and impact data, and communicating our findings. This ensures our work is meaningful to all stakeholders - from our investors, who can see the positive impact of their capital, to local authorities and other partners across the social housing sector, who can understand the broader social and economic benefits delivered.
In 2024, Alma Economics produced a report, commissioned by Better Society Capital, estimating the financial and non-financial benefits of Resonance’s Homelessness Property Funds.
The report highlighted both the shortage of good-quality, affordable temporary accommodation and the challenges faced by the public sector in meeting rising demand.
By providing more suitable housing, Resonance reduces pressure on public services while significantly improving lives.
Over the last 10 years (2013-2023) the Resonance model was estimated by Alma Economics to have saved local and central government £104m in spend on temporary accommodation, plus another £36m resulting from reduced costs in healthcare, mental health support and criminal justice services.
In 2025, using a similar methodology, we re-commissioned the study to assess the potential impact of our property funds from 2025-2035, including reflecting the launch of our new Resonance Housing Pathways Fund which is planned to launch in early 2026. Our ambition is that this evergreen fund could raise our total homelessness property funds under management to ~£800 million and expand the property portfolio to ~3,400 homes by 2030. The new report highlighted that potentially the savings to local and central government could be:
And potential Social Return on Investment (SROI):
These findings demonstrate how targeted social investment can address homelessness, relieve pressure on public services, and potentially deliver significant social and economic impact.
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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.
Disclaimer: This website does not contain, constitute, nor does it form part of, an offer to sell or purchase or a solicitation of an offer to sell or purchase, any securities, investments or financial instruments referred to herein or to enter into any other transaction described herein. Resonance is not providing, and will not provide, any investment advice or recommendation (personal or otherwise) to you in relation to any securities, investments or financial instruments or transactions described herein. Whilst all reasonable care has been taken to ensure the accuracy of the information contained in this website, neither Resonance nor its officers accept any liability for its contents or for any errors or omissions.