A music venue in Birkenhead has been selected as the first organisation to receive funding from the Arts and Culture Impact Fund by Nesta. Future Yard has received a loan of £292,500 in the first round of investments worth £1.2m with five more organisations also set to receive funding. The £23 million investment fund was set up last year by Nesta’s Art and Culture Finance team to offer loans between £150,000 and £1 million to help arts organisations recover after Covid-19. Craig Pennington, Future Yard co-founder, said: “The last twelve months have been hugely challenging for organisations such as ours - and society more broadly - but we believe the experience of Covid-19 has shown how powerful communities can be.”
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