Cornish charity Resonance has been awarded top prize in the NatWest SE100 Awards, recognising the top 100 Social Enterprises in the UK. Resonance won in the Investment category, for its project @Good Deal of the Decade’, which is a partnership with St Mungo’s and others, to create Homelessness Property Funds. Resonance’s three property funds – The Real Lettings Property Funds 1 & 2 in London, and the National Homelessness Fund – have now grown to more than £155m and provided 600+ homes nationwide, housing over 1,500 people who are homeless or vulnerable to homelessness.
Judges said the Resonance deal was an innovative financial response to a massive and growing social problem – and a great example of social investment leveraging other funding from a wide range of partners, including charities, foundations and local authorities.
Resonance create and manage several impact investment funds as well as investing directly, and also help social enterprises to raise capital, and are based in Launceston, with offices in Manchester and Bristol, as well as based in London and Birmingham.