A group of arts organisations is launching a funding model pairing private investors with UK arts and culture bodies.
The Arts Ventures initiative involves the Rayne Foundation, the Investing for Good consultancy, London-based Poet in the City, Live Theatre in Newcastle-upon-Tyne and arts thinktank Mission Models Money.
Tim Joss, director of the Rayne Foundation, said the venture aimed to introduce a fundraising approach focused on “non-grant finance”.
“Given low returns, private investors are seeking projects that offer a ‘blended return’ – a cultural and social, as well as financial, one,” said Joss.
“A museum may seek a mortgage for a capital project, for example. Under this initiative, investors get interest and the reward of seeing the cultural and social benefits of an expanded museum.”
The Arts Ventures initiative involves the Rayne Foundation, the Investing for Good consultancy, London-based Poet in the City, Live Theatre in Newcastle-upon-Tyne and arts thinktank Mission Models Money.
Tim Joss, director of the Rayne Foundation, said the venture aimed to introduce a fundraising approach focused on “non-grant finance”.
“Given low returns, private investors are seeking projects that offer a ‘blended return’ – a cultural and social, as well as financial, one,” said Joss.
“A museum may seek a mortgage for a capital project, for example. Under this initiative, investors get interest and the reward of seeing the cultural and social benefits of an expanded museum.”