Our teams successfully mobilised over £17.5m of useful capital into the hands of 34 social enterprises, bringing our rolling five year total to £118m into 103 enterprises.

“What another eventful year…. The threat from COVID eased, but other challenges emerged with the war in Ukraine raging on, Europe seeing the hottest summer on record, markets sent into turmoil following a disastrous mini budget and of course, inflation around the globe rocketing, leading to a cost of living crisis.

“Volatile situations also create opportunity. For Resonance, we have welcomed our second pension fund (amongst others) investing into our homelessness property fund. The stable income streams, resilient capital values as well as the strong social impact that our funds offer, are increasingly seen as a safe haven for investors navigating volatile markets. Of course, the number of families in temporary accommodation is increasing faster than we can buy homes, mainly caused by a political decision to save HM Treasury money at the expense of local authority budgets…......”

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WORKING WITH 25 HOUSING PARTNERS, OUR 7 IMPACT PROPERTY FUNDS HAVE PROVIDED HOMES FOR 3,514 INDIVIDUALS AND CHILDREN IN 1,129 HOMES.

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I hope you enjoy reading our report.

Daniel Brewer, CEO