Gro-Organic C.I.C

Gro-Organic are a multiple award-winning social enterprise team based in the West Midlands made up of passionate, local people who together are creating outstanding green spaces whilst investing in local people and the community.

PDF icon Download PDF (286.83 KB)
Duration 
6 years
Cost of capital 
7%
Turnover 
£400,000
Amount invested 
£150,000
Product 
Social Investment Tax Relief

Challenge

Being outdoors has huge benefits for both mental and physical wellbeing. There are many outdoor spaces in communities across the Midlands that are unloved and in need of transforming to be enjoyed by all. The improvements of these spaces provide opportunities  for education employment and social interaction on land.

 

Revenue Model

The investment has been funded through The Resonance SITR Fund. It will be repaid through income generated by Gro-Organics’ range of services which include mentoring services, community gardening day services and commercial and public landscaping projects.

 

Impact

For every pound that a client spends, Gro-Organic delivers £25 of social value. For the duration of the investment, Gro-Organic plans to expand its mentoring team with mentoring programmes being accessible to schools, prisons and pupil referral units. The landscaping team will be a focus for growth, with a new apprentice and  landscape gardeners to service more commercial enquires. The investment will enable Gro-Organic to purchase new equipment and a vehicle to provide cost savings on rentals and tool hire.

Investor Details 

Resonance

Resonance help social enterprises raise capital from like-minded investors and we create impact investment funds, which deliver financial return and targeted social impact.

We believe that change is possible and that one day, aligning profits with social impact will be the norm.

Financial product offered: 
Charity bonds
Unsecured loan (incl. overdrafts)
Secured loan
Social property funds
Blended – part grant, part loan
Quasi-equity
Social Investment Tax Relief
Equity investment
Community shares
Social Impact Bonds
Resilience and Recovery Loan Fund (RRLF)
Emergency Finance