Nesta launch Cultural Impact Development Fund
Following its Arts Impact Fund, Nesta has announced an innovative, new social impact investment fund for socially-driven arts, cultural and creative organisations – the Cultural Impact Development Fund (CIDF).
Over a three-year period, this £3.7m fund will offer affordable, unsecured finance on flexible terms to England’s arts, culture and creative organisations bringing about positive social change in their communities.
Supported by the Growth Fund programme through Access – the Foundation for Social Investment and with grants from Big Lottery Fund and a loan from Big Society Capital, this fund will help borrowers innovate, become more financially resilient and more adept at monitoring, evaluating and communicating their social impact. If you are an arts or cultural organisation interested in exploring social impact investment or taking on repayable finance to develop a new venture, grow an existing strand of work or invest in your asset base, contact Nesta at: email@example.com
Investment applications are now open, on a rolling basis until 31st August 2021.
The project closes 31st August 2026.
Image courtesy of Brighton Dome