£23 million social impact investment fund for the UK’s arts, culture and heritage social enterprises.
Arts & Culture Impact Fund provides secured and unsecured finance between £150,000 and £1 million to UK arts, cultural and heritage organisations with a clear social mission. The loans are repayable over a period of up to ten years.
The fund brings together a mix of public, private and philanthropic investors – Arts Council England, the National Lottery Heritage Fund, Big Society Capital, Bank of America, the Esmée Fairbairn Foundation, the Freelands Foundation and Nesta. The fund builds on the Arts Impact Fund, a pilot initiative launched in 2015 to demonstrate how impact investment could transform the arts and cultural sector.
Arts & Culture Impact Fund is part of Arts & Culture Finance by innovation foundation Nesta. Arts & Culture Finance provides specialist, affordable finance for arts, cultural and creative organisations in the UK. By investing in the cultural and creative sector, we want to support more organisations to become enterprising and resilient and promote the wider positive impact art and creativity have on society.