The Sheffield-based social enterprise Key Fund has been selected to distribute the £3m Northern Cultural Regeneration Fund to creative organisations that provide a meaningful social impact in their local communities. The fund, which was set up to provide a lasting legacy to this summer’s Great Exhibition of the North, will also attract additional social investment to the region. It is part of the Government’s ongoing commitment to grow a culture of impact investing, including improving access to finance for local cultural and creative organisations that do social good. Groups will be eligible for grants or loans of up to £150,000. This could include using music sessions for young people not in education or craft workshops with former offenders. ‘Creativity is one of the North’s greatest calling cards,’ said arts minister, Michael Ellis. ‘This funding will strengthen arts and cultural organisations across the Northern Powerhouse and boost the important work they … (To read the full article, subscribe below)

Jamie Hailstone

Senior reporter – NewStart