# Museum festival & prison record label among latest recipients of Nesta loans

- Link: https://fundraising.co.uk/2019/08/09/museum-festival-prison-record-label-among-latest-recipients-of-nesta-loans/
- Published: 2019-08-09T09:14:20+01:00
- Author: Melanie May

**Nesta has announced the recipients of its latest round of Arts and Culture Finance
investments, with almost £1 million shared between a number of projects including
a prison record label and a museum festival.**

The recipients are:

 * Emerge Festival – a new arts and culture festival, delivered by Culture24, taking
   place in London on Friday 27 and Saturday 28 September 2019
 * InHouse Records – a fully functional record label to be launched in prison, whilst
   supporting those who leave prison through a Graduate Programme
 * The Story Museum – support for the Oxford-based museum to redevelop with 10 new
   gallery and activity spaces including a dedicated learning studio for school 
   visits
 * Saffron Hall – support to help the performing arts venue in an Essex school to
   expand opportunities to generate its own income
 * artFix – a cafe chain celebrating everyday creativity in the community

Through its Arts and Culture Finance Investments, [Nesta](http://www.nesta.org.uk)
gives loans to arts and cultural projects with social value from two separate funds–
the [Cultural Impact Development Fund](https://www.nesta.org.uk/project/cultural-impact-development-fund/),
which is investing in InHouse Records and Saffron Hall (for a total of £240,000),
and the [Arts Impact Fund](https://www.nesta.org.uk/project/arts-impact-fund/), 
which is investing in the Emerge Festival, artFix and the Story Museum (for a total
of £750,000).  Information on how to apply for a loan is available on Nesta’s [Arts & Culture Finance site](https://www.artsculturefinance.org/our-funds/how-to-apply/).

## Advertisement

Seva Phillips, Nesta’s Head of Arts and Culture Finance, said:

> “We’re really excited about this latest round of projects. The variety of loans
> we’re making shows the breadth of ways that social investment can be used to take
> commercial risks and experiment with new ideas.
> “Social investment can go further than grant-funding alone since the money can
> be lent out again to other organisations once it has been repaid.”
> “Over the next 6 months, we’re really interested in supporting organisations that
> need finance of £25,000-£150,000 from our Cultural Impact Development Fund. Our
> team would be happy to have an initial conversation with prospective applicants.”

George Neris from artFix, commented:

> “Nesta’s investment in artFix allows us to strike just the right balance between
> financial sustainability and social impact. We maintain an entrepreneurial spirit,
> while building communities in ways that enable everyday creativity and allow everyday
> people to live their life as a work of art.”

 * **[£5.75 million programme to invest in equipping adults for jobs of the future](https://fundraising.co.uk/2019/10/16/5-75m-programme-to-invest-in-equipping-adults-for-jobs-of-the-future/)**(
   16 October 2019)
 * **[Nesta launches £15,000 prize for new forms of storytelling](https://fundraising.co.uk/2019/10/24/nesta-launches-15000-prize-for-new-forms-of-storytelling/)**(
   24 October 2019)
 * **[Nesta unveils 10-year strategy to harness innovation for good of millions](https://fundraising.co.uk/2021/03/03/nesta-unveils-10-year-strategy-to-harness-innovation-for-good-millions/)**(
   3 March 2021)

![Loading](https://fundraising.co.uk/wp-content/plugins/page-views-count/ajax-loader-
2x.gif)