New Nesta fund for arts organisations demonstrating social impact
Nesta's new £3.7m fund will make small repayable loans to English arts, cultural and creative organisations to support increased social impact and resilience.
The Cultural Impact Development Fund will offer unsecured loans of between £25,000 and £150,000 to help organisations “articulate, monitor and evaluate their social impact”. Recipients of longer term loans that can demonstrate they are achieving their goals will be rewarded with lower interest rates.
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