Resonance SITR linked Social Investment Bristol Fund raises £1.5m.
Resonance hopes that the Bristol fund will eventually raise £5m by the end of 2016. The initial £1.5m will be used to fund Bristol based social enterprises. Linked to SITR, the fund offers a very attractive post tax Internal Rate of Return of approximately 8% In todays market that is very attractive return for investors. But it will be interesting to see how affordable those social enterprises wishing to borrow from this fund will find it...Read More