Resonance Bristol SITR Fund Social Impact Report 2017/18
Investing in Dismantling Poverty in Bristol – the Second Year of Impact
The Resonance Bristol SITR Fund is a pioneering social impact investment fund aimed at helping to dismantle poverty in Bristol and the surrounding area 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. After its sixth close in November 2017, the Fund has so far reached over £2.6m, from 99 investors, well on its way towards a target of £5m.
Resonance produces an annual Social Impact Report for each of its funds, describing and measuring the positive difference it has made. This allows investors to see how their investment is contributing to the social impact of the enterprises and helps Resonance and enterprises learn and improve their impact over time. This report covers the second year of the Fund, which remains open for investment and is intended to invest into Bristol social enterprise for years to come.