Cultural Impact Development Fund

The Cultural Impact Development Fund is a £3.5 million fund providing small-scale repayable finance to socially driven arts and cultural organisations working with the people and communities in greatest need. The fund offers repayable finance of between £25,000 and £150,000 in the form of unsecured loans and/or quasi-equity, tailored to the circumstances of each organisation. They also offer a blended loan and grant finance package whereby the level of grant funding is, on average, 10% of the total investment offer. The loan and grant funding are treated as part of their overall investment package and may be used in combination with each other for any approved investment purpose, such as developing a new income stream, growing an existing strand of work, purchasing essential equipment, refurbishing a building, or pre-funding a fundraising campaign. This funding opportunity is designed to support registered charities in the arts and cultural sector throughout the UK.