Welcome to our Autumn newsletter

There's much to share as we grow to a team of 20, working with half a dozen social enterprises and seeking to raise further capital into the three funds we launched over the last year, which we have been successfully deploying.

We have had a fantastic response to our Stockwood Community Benefit Society Share Offer and are just over the half way mark towards the £1m share target. Great to have endorsements from Hugh Fearnley Whittingstall and local MP Karen Lumley (who also invested...good for you Karen!). It has been good also to be working with ETHEX the new ethical investment platform, whose investors have been terrific at getting behind the project. For those interested in investing, the closing deadline has been extended to 30th October 2013 and further details can be found here

best wishes

Daniel, Managing Director

Community Land & Finance CIC Awarded Social Enterprise Mark

Resonance's community lending vehicle Community Land & Finance CIC was awarded the Social Enterprise Mark earlier in the summer. We are really proud of this badge which evidences our commitment to re-invest our profits to help make affordable loans available for communities.

For more information about our funds, please go here.

Real Lettings

The Real Lettings Property Fund LP is an English Limited Partnership, which offers investors the opportunity to invest in a diversified portfolio of London residential property which achieves a significant social impact in the area of London homelessness.

We are delighted to share the latest Broadway and Real Lettings video with you.

Thank you to everyone involved with the project, it really does show what all the hard work is about!

Further details about the fund can be found here.

New Publication

The Affordable Homes Rental Fund

Our Affordable Homes Rental Fund (AHR) exists to house people affordably who otherwise would not be able to live in their communities. At the same time, it helps to stabilise and strengthen these places as sustainable social and economic locations. The AHR Fund was created by Resonance with seed funding from Big Society Capital. This report presents the early evidence for the social iimpact of this initiative as well as its potential for the future.

In response to significant demand, the Fund is now embarking on a second round of fundraising seeking to increase the Fund by a further £2.5m.

Further details and copies of the report can be obtained here or hard copies by emailing info@resonance.ltd.uk.

In this issue

Community Land & Finance CIC Awarded Social Enterprise Mark
Real Lettings
New Publication

We recently attended a hugely successful PACT conference on Transforming Rehabilitation: Transforming Relationships.

The Keynote Speaker, Jeremy Wright, Minister for Prisons and Rehabilitation was joined by other eminent academic speakers who reviewed the impact of PACT and reinforced the message reported in 2012 by the New Economics Foundation, which showed that for every £1 spent on PACT's service, £11.41 was saved to the public purse.

Further details on the work PACT undertakes can be found here

Ecodynamic

We are delighted to announce our first loan drawdown from our Community Share Underwriting Fund, in support of Ecodynamic, with their maiden project being a wind turbine, Geoff, in Redruth, Cornwall. In addition to carbon reduction, Ecodynamic will also create other positive social benefits through re-investing surplus funds back into local grass roots community projects, including organic and biodynamc farming initiatives, in conjunction with their strategic partner, The Biodynamic Land Trust.

This innovative Fund is now gaining real momentum and has made a number of other underwriting offers to other community groups in the UK, in support of a range of community owned projects, including a community business park, community hydro-electricity scheme and community bio-mass heating scheme, details of which we hope to provide in our next newsletter.

Resonance Team Changes

After four and a half years with Resonance we said goodbye (and thank you) to our Project Co-ordinator, Shirley Hooton, who left us to pursue other exciting opportunities. We wish her well for the future.

Jacqueline Campbell has now joined us as Team Administrator and with many years of senior PA and secretarial experience under her belt, we're already benefiting from some administrative order in our lives.

We are also delighted to welcome Grace Howells who has joined our Manchester office as Investment Analyst. Grace will be assisting the team with the deployment and execution of our funds as well as helping to develop social venture funds that we expect to launch in 2014.

Upcoming Events

We are proud to support National Ethical Invesment Week, which runs from 13-19 October.

We'll be attending the Global Impact Investor Network Forum in London on 10th & 11th October and also Good Deals 2013 on 6th & 7th November and hope to have the chance to catch up with others also attending.

And finally, we are really excited to learn that Real Lettings Property Fund has been shortlisted for the Social Investment Deal at this year's UK Social Enterprise Awards. Look out for an update in our next newsletter.

Resonance Limited is a company registered in England and Wales no. 04418625.
Resonance Impact Investment Limited, a subsidiary of Resonance Limited, is authorised and regulated by the Financial Conduct Authority (FCA). Firm number 588462.
© Copyright 2013 Resonance Limited

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