Investment Strategies in the Artistic and Entertainment Industries: Perspectives from a Developing Specialization
The cultural and creative industries are increasingly being recognised for their significant contribution to employment, economic growth, innovation, social inclusion, and city resilience. A new report, titled "Impact Investing in the Cultural and Creative Sectors: Insights from an Emerging Field", explores how impact investing—a form of investment aimed at generating social and environmental benefits alongside financial returns—is being applied within this sector.
Commissioned by the Creative Industries Policy and Evidence Centre (Creative PEC) and funded by the Arts and Humanities Research Council, the report was produced by a collaboration between Francesca Sanderson, Seva Phillips, David Maggs, and Arts & Culture Finance by Nesta. Hasan Bakhshi, Director of Creative PEC, states that the report delves into the current state and potential of this emerging funding source for the creative and cultural sectors.
The report highlights the growing interest in impact investing in the cultural and creative industries. Institutions such as the International Finance Corporation and Afreximbank are increasingly viewing the sector as a strategic area for investment to generate both economic value and positive social impact, especially in global creative hubs and emerging markets.
To join the global community of practice associated with impact investing in cultural and creative sectors, the report recommends engaging with global networks of creative economy leaders, participating in thematic investment discussions, contributing to policy advocacy, and collaborating with multi-stakeholder coalitions that include investors, creatives, policymakers, and civil society.
Three online launch events will take place on 28-29 November, designed to cover all time zones, to introduce the report and discuss its findings, challenges, and potential solutions. The events will feature experts from impact investment and the cultural and creative sectors, including Hasan Bakhshi, Laura Callanan, Georgie McClean, Ada Wong, and Hoda Judah Armani.
The report is essential reading for cultural and creative sector practitioners, entrepreneurs, public and private funders and investors, and policymakers looking to stimulate new funding paradigms for the cultural and creative sector. It is a valuable resource for anyone interested in understanding the potential of impact investing in this critical part of the creative industries ecosystem.
For full details and to access the recordings of these launch events, please visit: https://figurative.org.uk/news/new-report-launched-impact-investing-in-the-cultural-and-creative-sectors/
[1] Creative Industries Policy and Evidence Centre (Creative PEC). (2021). Impact Investing in the Cultural and Creative Sectors: Insights from an Emerging Field. [2] Nesta. (2021). Arts & Culture Finance. [3] Creative Industries Council. (2020). Migrant and Skills Needs of Creative Businesses in the UK. [4] UNESCO. (2020). World Culture and Creativity Framework. [5] Global Impact Investing Network. (2021). Thematic Investing Strategies.
- The cultural and creative industries have become notable for their impact on employment, economic growth, innovation, social inclusion, and city resilience.
- A new report titled "Impact Investing in the Cultural and Creative Sectors: Insights from an Emerging Field" examines how impact investing, which seeks both financial returns and social benefits, is being utilized within this sector.
- Commissioned by the Creative Industries Policy and Evidence Centre (Creative PEC) and funded by the Arts and Humanities Research Council, the report was produced by a collaboration involving Francesca Sanderson, Seva Phillips, David Maggs, and Arts & Culture Finance by Nesta.
- The report underscores the growing interest among institutions like the International Finance Corporation and Afreximbank in investing in the cultural and creative industries for both economic value and positive social impact, particularly in global creative hubs and emerging markets.
- To participate in the global community of practice focused on impact investing in the cultural and creative sectors, the report suggests engaging with creative economy leaders, attending thematic investment discussions, advocating for policies, and collaborating with multi-stakeholder coalitions.
- Three online launch events are scheduled for November 28-29, hosting experts from impact investment and the cultural and creative sectors to discuss the report's findings, challenges, and potential solutions.
- The report is essential for practitioners, entrepreneurs, funders, investors, and policymakers interested in stimulating new funding paradigms for the cultural and creative sector, as well as anyone intrigued by the potential of impact investing in this vital segment of the creative industries ecosystem.
