GMCVO Access to Growth and Resonance Community Developers Fund

This session will cover the two Social Investment Funds the GMCVO have.

Access to Growth

Do you have a great idea for a business with social impact?

Is your organisation already delivering social impact and you want to grow what you're doing or expand in a new direction?

GMCVO are offering affordable and accessible social investment aimed at small and very small social enterprises and charities that trade, including new organisations.

This blended finance (mixture of grants and loans) is designed for organisations who have the potential to add more value to their local communities and grow their social impact. We are looking to invest between £10,000 and £50,000 of flexible, unsecured finance in each suitable applicant, to be repaid over one to five years. There is an arrangement fee of 1%, the interest rate charged is 6.6% flat rate and there are no early repayment penalties. Each investment will combine grants with loans into a simple product to help organisations grow their great ideas.

Whether you address social needs, strengthen communities, improve people’s life chances, enhance culture or protect the environment - if your business trades for the common good, this opportunity is for you.

Resonance Community Developers Fund

Do you want to develop community-led housing and/or sports facilities in Greater Manchester?

Resonance Community Developers Fund invests in projects looking to develop community led and owned assets for both affordable/social housing and/or sports facilities in Greater Manchester. The Fund aims to invest in substantial projects, normally in excess of £1 million across Greater Manchester.

GMCVO, as the local delivery partner, will provide support and connect community groups with local partners to help deliver the projects. Resonance are an experienced FCA Fund Manager with over 17 years' experience of investing in communities and social enterprises across the UK. Their Fund can provide finance as a project evolves and is available for pre-development feasibility, land acquisition and development finance, to construct homes or sports facilities.

This training course is free for those who work or volunteer with voluntary, community or social enterprise (VCSE) organisations that operate in Greater Manchester.

This session will take place via Zoom and a link will be sent out a few days prior to the meeting with instructions