Investments with Social and Aesthetic Impact in the Cultural and Artistic Realm: Insights from a Growing Specialization
The report titled "Impact Investing in the Cultural and Creative Sectors: Insights from an emerging field" has been published, shedding light on how impact investing—a strategy that generates social and environmental benefits alongside financial returns—is being applied within the cultural and creative sectors.
Authors Francesca Sanderson, Seva Phillips, and David Maggs, in collaboration with the Creative Industries Policy and Evidence Centre (Creative PEC) and Arts & Culture Finance by Nesta, have presented insights, case studies, and examples from around the world to inform arts and technology policies and programs. The report aims to highlight the transformative potential of investment in the cultural and creative industries for social inclusion and development.
Hasan Bakhshi, Director of Creative PEC, states that the report is timely as the sector needs new funding models. The report encourages the cultural and creative sectors to move towards the center stage within the theatre of impact investing.
The report delves into the potential for impact investing in the cultural and creative sectors, detailing the migrant and skills needs of creative businesses in the UK, based on a survey commissioned by the Creative Industries Council. A key recommendation of the report is the development of a global community of practice for impact investing in the cultural and creative sectors.
Three online launch events will take place on 28-29 November, covering all time zones, to introduce the report and discuss its findings. These events will feature editors, experts from impact investment and the cultural and creative sectors, and Q&A sessions with attendees. The launch events will be available for viewing at https://figurative.org.uk/news/new-report-launched-impact-investing-in-the-cultural-and-creative-sectors/
It's worth noting that the report does not seem to be related to international trade, immigration, or accessing foreign talent in the creative industries, contrary to an earlier statement. The UK's departure from the EU has affected the way British firms trade and work with European partners, but the report's focus remains on the potential for impact investing within the UK's cultural and creative sectors.
For those interested in the report, it is essential reading for cultural and creative sector practitioners, entrepreneurs, public and private funders, investors, and policymakers. The report provides a valuable resource for policy makers and practitioners aiming to harness cultural investments for broader societal impact.
- The report, titled "Impact Investing in the Cultural and Creative Sectors: Insights from an emerging field," focuses on how impact investing can be applied within the arts and creative industries.
- The authors, Francesca Sanderson, Seva Phillips, David Maggs, alongside Creative Industries Policy and Evidence Centre (Creative PEC) and Arts & Culture Finance by Nesta, have provided insights, case studies, and examples from around the world to shape arts and technology policies and programs.
- The report emphasizes the transformative potential of investment in the cultural and creative industries for social inclusion and development.
- One of the report's key recommendations is the development of a global community of practice for impact investing in the cultural and creative sectors.
- Three online launch events will take place on 28-29 November, covering all time zones, to discuss the report and its findings, featuring editors, experts from impact investment and the cultural and creative sectors, and Q&A sessions with attendees.
- Although the report does not seem to be related to international trade, immigration, or accessing foreign talent in the creative industries, it is a valuable resource for policy makers and practitioners aiming to harness cultural investments for broader societal impact.
- The report is essential reading for cultural and creative sector practitioners, entrepreneurs, public and private funders, investors, and policymakers, providing evidence and policy insights for the creative industries finance landscape.
