Let's Talk Good Finance: Arts, Culture and Heritage
Event
Good Finance is delighted to be working with Nesta and Key Fund to bring you this Let's Talk Good Finance Arts, Culture and Heritage.
Citizen Coaching & Counselling
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Citizen Coaching & Counselling provides timely, jargon-free coaching and counselling to young people and adults in Birmingham with a friendly professional approach. We provide a choice of talking therapies, most of which are free to access, delivered by a team of 45 specialist qualified counsellors and psychotherapists.
Duration
6 years
Cost of capital
7.57%
Turnover
£650,000
Investor Details
Resonance
Amount invested
£125,000 + additional grant of £90,550
East Street Arts
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East Street Arts (ESA) was established in 1993 when two artists couldn't find the support and infrastructure they needed to develop their art practice. ESA have worked to secure better livelihoods for artists and their neighbours and address issues of economic and commercial decline in towns and cities.
Duration
1.5 years
Cost of capital
8.25%
Turnover
£1,717,404
Investor Details
Key Fund
Amount invested
£110,000
Product type
Unsecured loan (incl. overdrafts)
Think2Speak
Podcast
Think2Speak is an organisation who works to empower LGBTQ children, young people and their families - amplifying their voices, providing support and offering hope.
Catalytic capital
Is investment capital that is patient, risk-tolerant, concessionary, and flexible and is an approach used to support impact-driven enterprises that lack access to capital on suitable terms and to unlock impact and additional investment that would not otherwise be possible.
Base rate
This is sometimes called the ‘Bank of England base rate’ or ‘Bank Rate’. It sets the level of interest all other banks charge borrowers and its purpose is to help regulate inflation. Some social investors set their interest rates relative to this rate of interest e.g. base rate + 2%.