Since 2012, Creative England has run an investment programme tailored to meet the needs of small creative businesses. The investment programme addresses the recognised market failure in access to finance, which means that creative businesses, especially those based outside London, struggle to secure the investment they need to innovate and grow.
The Good Economy conducted a thorough review into the investment programme’s activity from 2012-2017 in an Impact Report released today, assessing the extent to which Creative England is supporting the following outcomes:
The report found that Creative England is filling the access to finance gap through its investments, particularly for SMEs based outside of London and the South East.
Not only are the investments proving to be financially sound, with over 99% of loans repaid, the businesses receiving investment have a higher three-year survival rate than the national average.