Nesta - Cultural Impact Development Fund

Nesta, the innovation agency, has announced changes to its Cultural Impact Development Fund, which offers investment up to £150,000 for arts and culture organisations. The Cultural Impact Development Fund, which was previously a loan fund, will now include grants up to 10 per cent of the total investment. The £3.1 million Fund has been restructured to make it more responsive to the economic shock of COVID-19 and aims to offer more flexible financial support to organisations as they adapt. The fund has been specifically designed to offer flexible finance to arts and culture organisations working with the people and communities in greatest need.