The £7millon Arts Impact Fund was launched earlier this year to provide loan finance to arts and cultural organisations with a clear social purpose. With lending starting at £150,000 and interest rates as little as 4% - 7%, this offers an attractive route for organisations who can show how their artistic ambitions will have a positive impact on soceity.
It is funded by Bank of America Merrill Lynch, Esmée Fairbairn Foundation and Nesta, supported by Arts Council England with additional funding from Calouste Gulbenkian Foundation.
We are commited to supporting arts and cultural organisations find the right approach to continue growing their income, but also extend their positive impact for audiences and communities. With this is mind, the Arts Impact Fund is a natural fit for the programme.