We all know we need new business models and other forms of funding to survive in the arts. But what does this actually mean?
27 Nov 2020 12:00
Dr Jackie Bailey
Writing and Publishing
Looking at things differently may be the key to sustainable funding. Photo by Thought Catalog on Unsplash.
At the ArtsHub Visions 2020 conference I will be interviewing surgeon and arts philanthropist Dr Terry Wu, and Shelagh Magadza, Executive Director of the Chamber of Arts and Culture WA, to plumb their impressive brains on this very topic.
The Creative Land Trust in London is a prime example. The Trust is securing artist workspaces through a combination of outright property purchases or long leases, and through planning policies – an example of value-capture in action. The funding comes from a blended capital model leveraging grant funding to attract impact investment at scale. Investment is structured as debt with a fixed rate of return to investors over an initial term.
Dr Jackie Bailey is the founder and Principal of the award-winning research, strategy and evaluation consultancy BYP Group. Jackie has a PhD (Creative Writing) from the University of New South Wales, a University Medal, BA (First Class Honours) from the University of Queensland, a Masters of Theology from The New Seminary and a Postgraduate Diploma in Digital Media from the University of Melbourne. Jackie is also a writer of creative fiction and non-fiction. She has been published in a number of publications including The Sydney Morning Herald, ArtLook, Arts Professional UK, Global Storytelling and Online Opinion. Jackie is currently working on a non-fiction book about spirituality for non-religious people.