Creative Industry Finance
Run by Arts Council England, Creative Industry Finance is a programme designed to help creative businesses grow.
The programme offers applicants support and advice from specialist creative advisors, as well as loans of between £5000 and £25,000, repayable over one, two or three years.
Creative Industry Finance will be a national initiative from September 2014, and will be open to creative enterprises and cultural organisations across England that have been trading for at least 18 months and are looking for loan finance to support their growth and development.
How the programme works
You’ll need to have made a start, with at least 18 months trading and proof that you’ve been managing your finances so far.
- You can check your eligibility and apply online.
- Your work will be assessed by Arts Council England with feedback provided within five working days. If you’re not successful, they’ll signpost you to other funding and advice sources.
- If you are successful, they’ll introduce you to one of their delivery partners. They’ll team you up with a specialist in your field for an initial one hour assessment meeting.
- The programme offers one-to-one support with a specialist advisor to help you move forward with all the practical details, including help with a bank loan application.
When you’re ready, they’ll help you make that all-important case for accessing finance to an independent investment panel that includes Arts Council staff.