Resonance Community Developers has invested £69,000 in Nudge Community Builders to transform empty buildings into community business spaces in Plymouth, aiming to address local socioeconomic challenges.

Information on the Target

Resonance Community Developers (RCD) has made an investment of £69,000 in Nudge Community Builders, an initiative aimed at transforming vacant properties into vibrant community business spaces in Plymouth. Nudge was established in 2017 by local residents of Stonehouse, an area facing significant challenges, with the goal of fostering lasting change and building a robust local economy.

Recognizing the detrimental impact of empty buildings on their community, Nudge aims to rejuvenate Union Street—a thoroughfare that has long suffered from neglect. Their ambitious vision is to revitalize 4000 square meters of unused properties, already creating opportunities for twenty-five small businesses.

Industry Overview in Plymouth

Plymouth, the largest city in Devon, is grappling with significant socioeconomic disparities. Several neighborhoods within the city are categorized among the top 10% most depriv