- Investment from £25,000 to £150,000
- ✓ Repayable over up to 5 years
- ✓ Impact development support
- ✓ Possibility of reduction in interest on achievement of social outcomes
- ✓ No early repayment fee
The newly launched Cultural Impact Development Fund offers small-scale repayable finance to socially-driven arts and cultural organisations that are committed to improving the quality of their impact practice and evaluation and could benefit from external support with this.
A £3.7 million fund providing small-scale repayable finance to socially-driven arts and cultural organisations. Cultural Impact Development Fund will pioneer the use of financial incentives to drive the achievement of social impact targets in its investment portfolio, making it one of the few impact investment funds with a clear trade-off of financial return for the attainment of social outcomes. The Fund is supported by Access – The Foundation for Social Investment through the Growth Fund programme, with finance being provided by its partners The National Lottery Community Fund and Big Society Capital.
