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Investment and Contract Readiness Fund to support arts ventures to access new social investment fund

Arts ventures looking to raise investment can apply for an investment readiness grant as part of a new initiative to bring more capital into the arts sector.

Investing for Good and Cabinet Office are developing a new social investment fund for the arts sector. The Arts Ventures Fund will open in 2014 and aims to increase access to and participation in arts and culture amongst older people, establish education projects for young people and support projects in the wider community.

The arts sector makes a huge difference to the UKs economy and society, with a turnover of 12.4 billion and generated more per pound invested than the health, wholesale and retail, and professional and business services sectors (see Arts Council website). However, there is a wide gap between the availability of grant funding and access to long-term commercial capital. Social investment, provided by investors seeking to generate artistic, social and financial returns could provide capital in this space to ensure that growth can be realised.

To support the new Arts Ventures Fund, Investing for Good, Social Investment Business and the Cabinet Office have designed a tailored programme of investment readiness support for arts ventures within the already successful Investment and Contract Readiness Fund.

Applying for tailored investment readiness funding

Social ventures that work in the arts sector, have a commercial model, and are committed to report on their artistic and social impacts are welcome to apply for an investment readiness grant. Applicants should be looking to raise investment of over 500,000 over the next 12 months.

To apply, social ventures will be required to partner with one of the approved providers of support on the Investment and Contract Readiness Fund.

Applications must reach us before 4pm on Tuesday 14 January 2014. There might be opportunities to apply after that date. Please do speak to the team if you are unable to meet that deadline.

Interested? 

More information on applying to the Investment and Contract Readiness Fund including an application pack is available on the Fund website. You can also talk to our grants team on 0207 842 7788 or email info@sibgroup.org.uk.

Information about the new Arts Ventures Fund is available on the Investing for Good website. 


Apply


Why not browse our list of over 35 approved providers to start your application process to the Investment and Contract Readiness Fund.

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