Arts and Culture Impact Fund LLP

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Making socially impactful arts, cultural and heritage organisations more enterprising and financially resilient.


The UK’s arts, cultural and heritage institutions provide creative opportunities, jobs and valuable income for our communities; they also have the power to transform people’s lives, engage marginalised individuals and drive social change. However, they face a challenge in securing the limited amount of grants available from public and private sources.


Nesta brought together a mix of public, private and philanthropic investors - Arts Council England, the National Lottery Heritage Fund, Better Society Capital, Bank of America, the Esmée Fairbairn Foundation, Freelands Foundation and Nesta – to create the Arts & Culture Impact Fund.


The fund combines concessionary and market rate capital to make affordable (3%-8.5% interest rates), flexible loans (ranging from £150,000 to £1 million) to arts, culture and heritage organisations that have a positive social impact on people and the communities they live in. It is now the world’s biggest impact investment fund for the creative arts.

  • Fund size

    £23 million
  • Better Society Capital commitment

    £3 million

Key information

  • Geography

    United Kingdom
  • Investment type

    Enterprise debt
  • Fund manager

    Nesta Impact Investments
  • Investment status

  • Investment date

  • Term

    10 years