Smile Together CIC is to open a dental centre designed and adapted for patients with special needs, having secured £1m in investment from Big Issue Invest (BII).
The new site, in Cornwall, will open by the summer.
Resonance, which helps organisations to become investment ready and to raise funding, advised Smile Together on the investment.
Smile Together – formed in 2016, and shortlisted in last year’s UK Social Enterprise Awards – secured the investment from BII in late 2018, in the form of an unsecured eight-year fixed interest loan, with capital repayments not starting until year four.
The investment will finance the refurbishment of a former grammar school, which the community interest company (CIC) has purchased itself, into a purpose-built dental centre designed and adapted for patients with special needs, including mental health conditions and autism. The new site will increase local access to competitively-priced and fully accessible dental services, and will see children for free.