Debt hardly sounds like better financial sustainability. Indeed, the very word debt usually puts a shiver down the spine of most creatives. Often without the surety of stable income, be it multi-year funding for an organisation or simple guaranteed cash flow for a creative studio, for creatives debt feels dangerous.
It was a topic that received strong interest at last week’s Culture Business conference, where Creative Australia’s Director Private Partnerships and Impact, Jayne Lovelock, and Executive Director of Development and Partnerships, Dr Georgie McClean, introduced their new program. Lovelock said, “The new funding model can work in tandem with our grant programs – not to overtake them, but to amplify the current investments we have through government grants and philanthropy – and do really special and new things with them.”
