We have launched the new £20 million Arts & Culture Impact Fund, together with Big Society Capital, Arts Council England, the National Lottery Heritage Fund, Bank of America, and Esmée Fairbairn Foundation.
The new Arts & Culture Impact Fund is our biggest fund to date and the world’s largest social impact investment fund for the arts, culture and heritage sectors.
The UK-wide fund will invest at least £20 million in organisations of all sizes in the arts, cultural and heritage sectors demonstrating a clear social impact, from arts and heritage organisations to museums and libraries.
This fund aims to support arts, cultural and heritage organisations to become more enterprising and financially resilient. We take a relationship-centred approach, structuring finance to meet the needs of individual organisations.
Socially driven arts and cultural organisations of all sizes across the UK are invited to apply for loans between £150,000 and £1 million, with a 10-year repayment period.
Alongside the investment capital, investees can also benefit from a tailored package of support from Nesta and our partners, including business insights and opportunities.
By focusing on both artistic and social outcomes, we want to promote the wider positive impact art has on society and support more organisations to benefit individuals and communities through their work.
Find out more and apply on the Arts & Culture Finance website.