Governments around the world are exploring ways in which to develop more self-sustaining cultural and creative sectors that are less reliant on subsidy. The Japanese government is thinking ahead in this regard, bringing together artists, cultural entrepreneurs, academics and investors together to share ideas.
In January 2024, Figurative’s Seva Phillips was invited to share the experience of Arts & Culture Finance (now part of Figurative) in the UK at a symposium co-organised by the Japanese Government’s Agency for Cultural Affairs and British Council, as well at an internal meeting of Cultural Affairs Agency staff.
Attendees learned about the UK context for the cultural sector, the development of the impact investment market and the structuring of funds managed by Figurative. In addition to this, Seva discussed a number of investment use cases from the Arts & Culture Finance portfolio, which helped bring to life the creative and diverse ways in which cultural leaders have embraced impact investment.
