Exploring Financial Influence in the Arts and Creative Industries: Observations from a Growing Trend
The report titled "Impact Investing in the Cultural and Creative Sectors: Insights from an Emerging Field" is a groundbreaking study that delves into the application of impact investing within the cultural and creative industries. This report offers valuable insights into the challenges and opportunities these sectors face, with a focus on investment models that generate both social and financial returns while supporting the sustainability and growth of the cultural and creative industries.
The report is the result of a collaboration between Fran Sanderson, Seva Phillips, Arts & Culture Finance by Nesta, and David Maggs. Despite extensive search efforts, the exact authorship and detailed contents of the report are not explicitly mentioned in the current search context. However, it is commissioned by the Creative Industries Policy and Evidence Centre (Creative PEC) and funded by the Arts and Humanities Research Council.
The report is essential reading for cultural and creative sector practitioners, entrepreneurs, public and private funders, investors, and policymakers. It provides a comprehensive analysis of the current state and potential of impact investing in the cultural and creative sectors.
Three online launch events for the report will take place on 28-29 November, covering all time zones. These events will feature discussions on the profound social impact and potential of the cultural and creative sectors, new investment models, challenges, and solutions for building new investment models. The launch events will be hosted on the Figurative website, with recordings available for access. Anyone interested in impact investing in the cultural and creative sectors is invited to join the conversation.
In recent years, the global export of creative goods has seen significant growth. In 2015, worldwide exports of creative goods exceeded 500 billion USD, representing a 150% increase since 2000. The UK's departure from the EU has influenced the way British firms trade and work with European counterparts. However, the report does not discuss the impact of overseas mergers and acquisitions on the UK video games industry, or post-Brexit migration and accessing foreign talent in the Creative Industries.
One of the key recommendations in the report is the development of a global community of practice for impact investing in the cultural and creative sectors. This community would aim to facilitate knowledge sharing, collaboration, and the development of best practices in this emerging field. The report underscores the importance of fostering a supportive environment for impact investing in the cultural and creative sectors, as it has the potential to drive innovation, sustainability, and growth in these industries.
- The report titled "Impact Investing in the Cultural and Creative Sectors: Insights from an Emerging Field" highlights the application of impact investing within the arts and industries, detailing the challenges and opportunities they face.
- Commissioned by the Creative Industries Policy and Evidence Centre (Creative PEC) and funded by the Arts and Humanities Research Council, the report is a collaboration between Fran Sanderson, Seva Phillips, Arts & Culture Finance by Nesta, and David Maggs.
- Cultural and creative sector practitioners, entrepreneurs, public and private funders, investors, and policymakers should consider the report essential reading, as it offers a comprehensive analysis of impact investing within their sectors.
- Three online launch events for the report will take place on 28-29 November, with discussions on social impact, new investment models, and challenges within the cultural and creative sectors.
- The report emphasizes the potential of impact investing in driving innovation, sustainability, and growth in the cultural and creative sectors, recommending the development of a global community of practice for this purpose.
- The growth of global creative goods exports, which exceeded 500 billion USD in 2015, is significant, though the report does not discuss the impact of overseas mergers, acquisitions, or post-Brexit migration on specific creative industries.
- Impact investing in the cultural and creative sectors requires a supportive environment, and data and evidence on the topic are crucial for guiding talent, finance, and policy decisions in the development of these industries.
