There has been a lot of talk about the future of UK arts funding over the summer. Fran Sanderson has been assessing various funding streams to find ways to maximise their impact.
A pioneering educational programme for neurodivergent young people has been given a boost from social impact investment. Seva Phillips has been talking to Lisa Alberti about her vision at Pinc College.
Impact investment is an ideal partner for the arts sector where taking creative risks, experimentation and imagination are second nature, writes Fran Sanderson.
Covid was a challenging time for live music. But that didn’t stop Future Yard, a new live music venue in Birkenhead, from opening its doors - with the help of a loan - as Director Craig Pennington tells Seva Phillips.
Two years on from the launch of an international initiative exploring the creative economy for sustainable development, Fran Sanderson reflects on how impact capital can be a vital tool to support positive growth.
Impact investments aim to support creative ambition and cultural projects to the benefit of society, but Seva Phillips is always amazed and inspired by the creative ways arts organisations use their funding.
Fran Sanderson says building back better means looking beyond what – and who – we know in funding to demonstrate the irrepressible worth of human creativity.
The initiative builds on the success of two pilot programmes to promote a new approach to finance in the arts and cultural sectors.
Arts, cultural and creative organisations will receive lower interest rates if they can demonstrate positive social impact.
The Arts Impact Fund offers loans based on artistic as well as social impacts. Seva Phillips explains the aims and benefits of its pilot investment scheme.