Arts and Culture
Triodos Bank has pioneered arts and culture finance for many years. It promotes a sector that it believes is best served by diversifying its finances, incorporating a spread of grants, charity, subsidies and commercial finance. Triodos Investment Management manages the Netherlands-based Triodos Cultuurfonds, which is designed to help deliver this transformation to a more resilient sector.
The fund was launched in 2006 and invests in cultural projects, with the aim to stimulate a healthy cultural sector.
Developments in 2015
During 2015, the fund’s total assets remained stable and were EUR 97.7 million by the end of the year (2014: EUR 97.4 million).
During 2015 Triodos Cultuurfonds finance helped make it possible for 2.9 million people to enjoy cultural events including cinema, theatres and museums across Europe. Also approximately 2,800 artists, participants and organisations active in the cultural sector took advantage of affordable arts and workshop spaces financed by Triodos Cultuurfonds in 2015.
In 2015, Triodos Cultuurfonds provided nine loans to cultural institutions. One of those was made to Foundation Nowhere in Amsterdam to purchase and renovate their building. Foundation Nowhere organises workshops, festivals and events for young people in Amsterdam.
Triodos Cultuurfonds should remain attractive to investors in 2016, impacting directly on the healthy development of the Dutch cultural sector. The volume of the fund’s assets under management is expected to grow slightly in 2016.