Arts and Culture Impact Fund

In 2019, together with Nesta, Big Society Capital, Arts Council England, the National Lottery Heritage Fund, and Bank of America, we invested in the Arts & Culture Impact Fund, which builds on the success of the Arts Impact Fund. And in 2020, Freelands Foundation invested £3 million bringing the fund to a total of £23 million. ## Connection to Esmée's strategy [...] Combined arts - Matthieu Comoy.jpg ## £20m Arts & Culture Impact Fund launched The Arts & Culture Impact Fund is a new £20 million fund, which will be managed by Nesta and offers loans to social enterprises in the arts, cultural and heritage sectors to innovate and grow. ## Learn more HUBBUB_LeedsByExample_Conversaion_May2019 65 (1).jpg ## Social Investment [...] As a specialist fund, the Arts Impact Fund built a foundation for social investment to become a more integral part of the funding mix in the arts and cultural sector. It proved successful in showing how social impact investment can help build resilient, innovative and sustainable, creative organisations, and help organisations to grow and innovate faster. Nesta also provided capacity building support to organisations funded. Over five years, a total of £8.8 million was invested across 27