Is debt good for the arts?

What is 'impact debt finance', and is it the way forward for more financial sustainability for the arts?
detail of eye on money.

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.

But there is a newish trend in the funding and philanthropy sector that may just shift those attitudes.

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Gina Fairley is ArtsHub's Senior Contributor, after 12 years in the role as National Visual Arts Editor. She has worked for extended periods in America and Southeast Asia, as gallerist, arts administrator and regional contributing editor for a number of magazines, including Hong Kong based Asian Art News and World Sculpture News. She is an Art Tour leader for the AGNSW Members, and lectures regularly on the state of the arts. She is based in Mittagong, regional NSW. Instagram: fairleygina