{"id":1273,"date":"2018-04-06T11:56:12","date_gmt":"2018-04-06T10:56:12","guid":{"rendered":"http:\/\/www.creativeschools.london\/?p=1273"},"modified":"2018-04-06T11:56:12","modified_gmt":"2018-04-06T10:56:12","slug":"financing-place-based-model","status":"publish","type":"post","link":"https:\/\/www.creativeschools.london\/financing-place-based-model\/","title":{"rendered":"Financing a place based model"},"content":{"rendered":"<p><em>Creative Schools explored a variety of\u00a0 collaborative income generation approaches to better understand sources that can contribute towards long term sustainability of cultural education activities in east London.\u00a0 <\/em><\/p>\n<p>Over the course of the programme a mixed financial model developed that pools resources and generates income through a range of sources.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.creativeschools.london\/wp-content\/uploads\/2018\/04\/CS-income-model-image.png\" alt=\"CS income model image\" width=\"626\" height=\"282\" \/><\/p>\n<ul>\n<li>Income from traditional\u00a0cultural education\u00a0funders such as trusts and foundations decreased proportionally across the three years of programme activity in relation to other income generating activities including membership and events income.<\/li>\n<li>116 different organisations ultimately contributed to a business model that enabled income generation and pooling of resources across a wide range of organisations.<\/li>\n<li>Making explicit an offer of match funding in exchange for a school\u2019s investment in cultural education was successful in \u2018opening the door\u2019 and unlocking investment from schools.\u00a0 For every pound invested through\u00a0by Creative Schools into creative projects, \u00a32 was leveraged from school budgets.<\/li>\n<li>Further insights into financing a place-based model can be found in the <strong><a href=\"https:\/\/www.culturemile.london\/\/content\/uploads\/2017\/11\/Building-a-Collaborative-Culture-A4-report-FINAL-low-res-spreads.pdf\">Building a Collaborative Culture\u00a0 report and toolkit <\/a><\/strong>(Barbican\/Guildhall School of Music &amp; Drama, 2017)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Creative Schools explored a variety of\u00a0 collaborative income generation approaches to better understand sources that can contribute towards long term sustainability of cultural education activities in east London.\u00a0 Over the&#8230; <a class=\"moretag\" href=\"https:\/\/www.creativeschools.london\/financing-place-based-model\/\">read more<\/a><\/p>\n","protected":false},"author":7,"featured_media":1369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - 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