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Resonance Impact Investment Funds

Who benefits

The Funds aim to contribute to dismantling poverty and inequality in their areas of geographic focus. This is achieved through providing affordable and flexible investment to social enterprises that are generating positive social impact, contributing to meet this big and ambitious goal.

Local social enterprises and their beneficiaries

The Resonance South West SITR Fund launched in February 2016, the Resonance West Midlands SITR Fund in February 2018 and the Resonance North West SITR Fund in May 2019 and has invested in social enterprises including:

Jericho Foundation
Supports people with multiple and complex barriers to employment, training or social inclusion to become fulfilled, skilled and employed through work experience, apprenticeships and individually tailored and supported employment programmes.
Revenue is generated through its range of social enterprises including a commercial cleaning business and furniture up-cycling retail outlets.

Challenge Academy
Uses a range of outdoor facilities and activities to offer innovative and accessible outdoor training and development opportunities, developing soft skills such as confidence and team building and contributing to physical and mental health for communities in deprived areas.
Income is generated from a range of customers who use the outdoor adventure facilities and engage with their learning and development interventions, such as schools, youth groups, PRU’s, local councils.

Wildgoose Rural Training
Offers access to land-based activities, training, education and work experience for people with learning disabilities, brain injuries, mental health issues and school-excluded children to help them develop skills for independent living, work experience and employability skills.
Income is generated from individual students accessing this service (via their local council), school group visits and activity sessions and workshops offered to the general public.

South Bristol Sports Centre

South Bristol Sports Centre
Engaging and including young people through sport, increasing their confidence and offering training, particularly in poor parts of South Bristol. The fact that South Bristol Sports Centre was established with a charitable purpose and has an “inclusion manager” sets it apart from other sports centres.
Revenue comes from hiring out facilities to adults.

Paper Arts
Helping creative young people develop their potential. The enterprise supports artists by offering business training and encourages those artists in turn, to train and mentor young people new to the sector, with particular focus on those who need support and encouragement.
Revenue comes from offering membership and workspace to creative and social entrepreneurs.

Bristol 24/7
Helping young people into local journalism: Bristol 24/7 is an online newsletter and printed magazine celebrating Bristol and covering local news and social issues. The senior directors want to use this publication as a vehicle for giving a voice to communities that are often misrepresented in the media.
Revenue comes from advertising.

Leading Lights Education and Wellbeing
Provides tuition and mental health and physical wellbeing services to help children and young people with social, emotional and mental health difficulties.
Revenue comes from their community café and paid-for wellbeing services to schools and Local Authorities.

Raised in Bristol
Provides Ofsted regulated early years education and childcare services in community owned spaces.
Revenue comes from nursery fees.

SoFab Sports CIC
Builds the skills, confidence and self-esteem of young adults with physical and learning difficulties by developing sports related and supportive employment opportunities in retail via its online sports shop and warehouse in Gloucester.
Revenue comes from its online retail outlet.

Spike Island Artspace
Spike Island is an international centre for the development of contemporary art, offering a place where artists and the public can meet; using art to promote mental wellbeing, community cohesion and allow voices to be heard that otherwise may remain silent.
Revenue comes from exhibition services, entrance fees, venue hire.

Community Mentoring and Support
Providing youth mentoring, youth club and alternative education services
Investment purpose: To recruit new key staff to strengthen the management team and to set up and establish two further independent alternative schools, complementing and building on their mentoring service.
Revenue comes from mentoring services, consultancy, youth groups and a commercial cafe.

Somerset Wood Recycling
Manufacturing products from recycled wood and providing training and employment opportunities to people struggling with addiction, employment issues or criminal behaviour.
Revenue comes from selling products, outdoor services e.g. gardening and project commissions.

Note: the examples above show the range of business activity and social impact focus for social enterprises into which the Resonance SITR Funds have already invested in. New investors into the Funds will be allocated to new investments from their time of entry into the relevant Fund.

Supporting social enterprises more broadly

The Fund helps build and broaden relationships. In the last year alone there were 30 examples of Resonance making introductions, predominantly involving enterprises: to other enterprises, to finance, and to support. This includes enterprises that are not yet receiving investment but may be in the investment pipeline.

Resonance has created a Business Support Network composed of people and organisations that are willing to offer their time and expertise on either a pro bono or paid basis.

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