About Nesta

Nesta is an innovation foundation. For us, innovation means turning bold ideas into reality and changing lives for the better. We use our expertise, skills and funding in areas where there are big challenges facing society.

Arts & Culture Finance - 29 Sep 2021 12:30 – 13:30

What is repayable finance? And how can arts, culture and heritage organisations in Scotland access this innovative form of funding to help them achieve their aims?

watch the event recording here.

Seva Phillips from Nesta’s Arts & Culture Finance on 29 September discussed social investment, the open funds at Arts & Culture Finance and the team’s approach to measuring impact.

Watch the recording to discover how arts and culture organisations have used repayable finance to reach their goals, hearing directly from Felix Wight, one of the founding directors of Friends of the Pipe Factory CIC, a practitioner-led, not-for-profit space in the East End of Glasgow which inhabits a B-listed five floor former clay tobacco pipe factory built in 1877. Felix shared why his team decided to take on social investment, and offered advice for cultural organisations starting out on their own investment journey.

This event is for arts, culture and heritage organisations based in Scotland who are interested in finding out more about social investment.

Speakers

Felix Wight

Felix is a founding director of Friends of The Pipe Factory. With a professional background in renewable energy development, community ownership and crowdfunding, Felix is on the finance, fundraising and building development committees for the Friends. He is also a trustee for the social investors who supported the purchase of the building, alongside the loan from Nesta’s Arts and Culture Impact Fund. Originally from London, Felix lives ten minutes walk from The Pipe Factory in the East End of Glasgow, where he moved in 2012. The challenge of undertaking a low-carbon refurbishment of a historic building is a particular area of interest.

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