Nesta’s Arts & Culture Finance has launched a new platform to showcase the potential of impact investment in the creative economy to drive social and environmental change.
Nesta has launched Creativity, Culture & Capital, in partnership with Fundación Compromiso and Upstart Co-Lab, which recognises the creative sector as a key driver of inclusive and sustainable growth as the world considers how to recover from the devastating effects of COVID-19. The cultural and creative sectors are among the most affected by the current crisis and the effects will be long lasting. Creativity, Culture & Capital highlights the need and opportunity for impact investment to support renewed substantial sector growth, alongside continued government funding, philanthropic support and profit-maximising investment at a moment when arts organisations and the creative industries are considering how to ‘build back better’ following a global pandemic which triggered severe economic consequences for all communities.
The project begins with a series of essays published in English and Spanish that showcase the employment power of the artisan craft sector, the role of culture in placemaking, opportunities for technology to democratise access to great art, as well as how impact funds are already investing in the creative industries globally.
The aim is to publish 100 essays in total by the end of 2021, creating a rich resource of geographies, sectors and experiences. A call for submissions and detailed guidance will be launched in March 2021. In particular Nesta is seeking perspectives from Africa, Asia and the Middle East; examples from cultural heritage, fashion, design, food and media; and voices of leaders from marginalised communities and the next generation. To be notified when the submission process is open, join the Creativity, Culture & Capital mailing list on the website.