The Fund provides a source of financing for community projects and supports the growth of community shares. The Fund can help build confidence in a community share offer before it is issued, add momentum to an offer that is underway, or help bridge the gap that may open up at the end of an offer. In this way, communities can be more ambitious when starting new share offers and gain financial support to create assets that will bring lasting benefit to the community.
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Fund size
£3 million -
Big Society Capital commitment
£2 million
Key information
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Geography
UK wide -
Investment type
Enterprise debt -
Fund manager
Resonance -
Investment status
Current -
Investment date
2014 -
Term
5 years
Impact
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Number of investees
-
Average loan size
-
Amount of community co-investment
Sustainable development goals
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11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable