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Zmags
Creative industries –
routes to finance
A guide to sources of funding and investment
for arts, cultural and creative organisations
BUSINESS WITH CONFIDENCE icaew.com/creativeindustries
Contributors
This guide has drawn upon the insights and expertise
of people at many organisations, including:
Arts Council England | Arts Council of Northern Ireland |
Arts Council of Wales | BDO | Beechcroft Associates |
British Business Bank | British Film Institute |
Business Growth Fund | Cantor Fitzgerald | CBI | Clydesdale Bank |
Creative England | Creative Industries Federation |
Creative Scotland | Creative United | Deloitte | Department for
Business, Innovation & Skills | Department for Culture,
Media & Sport | Dunedin | Edge Investments | EY |
Funding London | Grant Thornton | ICAEW | Innovate UK |
HM Treasury | Institute of
Creative industries – routes to finance A guide
Contributors This guide has drawn upon the in
Contents Foreword
Foreword The UK’s creative industries bring e
Britain’s creative success is based on a combinat
Executive summary • The creative industries
New opportunities for the creative industries Th
Access to public, private and philanthropic inves
+ Five Creative routes indu
Antony Sher as Falstaff in Henry IV Part 2, 2014.
1. Preparing for finance There are several steps
Funders will want reassurance that creative organ
2. Professional advice ‘Well-qualified professio
The UK is particularly fortunate to have many ver
Portrait of sculptor Sir Francis Leggatt Chantrey
3. Public investment The public funding context
Some major sources of public investment Arts Cou
Arts Council of Wales The Arts Council of Wales i
Arts Impact Fund The Arts Impact Fund is a £7m pi
The BFI’s Certification Unit is the first point o
4. Philanthropic support and corporate partnershi
In more recent centuries, private patronage has a
Managing relationships The biggest creative insti
Find out more • gov.uk/topic/running-charity/set
Corporate partnerships There is still sizeable un
Social enterprise Social enterprises are organisa
Individual giving Charitable donations and gifts
Legacies Legacies – cash or gifts bequests made i
5. Private capital More options for business f
‘There are some great businesses in the creative
Equity finance The first shareholders in a private
Private capital: know your options ASSET-BASED F
‘Creative organisations benefit greatly when chal
Equity crowdfunding can be very high-risk and spe
Stock markets Companies that are worth at least s
Television Animation Tax Relief Television Animat
Loans for early-stage businesses Start Up Loans i
Specialist finance for film and TV A number of bank
References 1. Department for Culture, Media &
Contributing individuals and organisations
The authors would like to thank the following int
Betsan Moses Marc Mullen Baroness Neville-Rolfe D
About the authors Shaun Beane
‘Britain’s cultural dynamism is a big part of its
The Creative Industries Federation The Creative I