Community Share Underwriting Fund

Debt fund supporting community projects by providing loans to make up for any shortfall in community share offer.

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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.

  • Fund size

    £3 million
  • Better Society Capital commitment

    £2 million

Key information

  • Geography

    UK wide
  • Investment type

    Enterprise debt
  • Fund manager

    Resonance
  • Investment status

    Current
  • Investment date

    2014
  • Term

    5 years

Impact

  • 9

    Number of investees

  • £304,000

    Average loan size

  • £3.5m

    Amount of community co-investment

Sustainable development goals

  • 11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable