Nearly £1 million invested across 5 innovative organisations by Arts & Culture Finance latest investment round.
two insights come to mind:
- We tend to think of arts & culture in, well, arts & culture terms. We seldom stop to think about the economics of it and its place in the market economy. But actually, this is a sector that’s interwoven into so many other markets –retail, hospitality, public commissioning– and I suspect that it makes those markets more dynamic and creative (in a business sense) too.
- This stuff should be taught in business classes. Arts managers would learn valuable lessons about the plethora of ways in which organisations operate and sustain themselves. Mainstream business & finance students would realise that there’s more to making money than selling widgets, buying low and selling high –and that there’s synergy in creativity and business.