More than £3 million will be invested to support creative and cultural organisations across the Northern Powerhouse.
Sheffield-based social enterprise Key Fund has been selected to distribute the Northern Cultural Regeneration Fund to creative organisations that provide a meaningful social impact in their local communities.
Groups will be eligible for grants or loans of up to £150,000. This could include using music sessions for young people not in education or craft workshops with former offenders.
The fund, which was set up to provide a lasting legacy to this summer’s Great Exhibition of the North, will also attract additional social investment to the region. It is part of the Government’s ongoing commitment to grow a culture of impact investing, including improving access to finance for local cultural and creative organisations that do social good.