Supported by Arts Council England, the National Lottery Heritage Fund, Big Society Capital, Bank of America, the Esmée Fairbairn Foundation and Nesta, the Arts & Culture Impact Fund provides substantial impact investment in the creative arts.
The fund builds on the success of the Arts Impact Fund, a pilot initiative launched in 2015 to demonstrate how impact investment could transform the arts and cultural sector.
The Arts & Culture Impact Fund sets out to achieve several objectives for the arts, cultural and heritage sectors:
- Provide organisations with appropriate and bespoke repayable finance
- Develop the financial resilience of borrowers
- Support organisations to better monitor, evaluate and communicate their social impact
- Attract additional investment into the sector to help organisations thrive
- Promote the wider positive impact the arts, culture and heritage have on society and support more organisations to benefit individuals and communities through their work.
Eligible organisations must:
- Be registered and operating in the UK. Digital organisations will need to demonstrate their primary audiences are based in the UK.
- Have core operations or primary activity in the arts, culture and heritage
- Have a clear social mission, reflected in its structure and governance
- Be able to demonstrate measurable social impact on individuals or communities in the UK.
- Repayable finance between £150,000 and £1,000,000 is available with a repayment term of one to ten years and interest rates ranging between 3% and 10%.
The following fees apply:
- 1% completion fee
- 2% per annum, pro rata holding fee (minimum holding period is six months)
- No early repayment fee.
Applications can be submitted at any time.
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