The cause
Inner City Music is an award-winning charity that exists to celebrate music and its power to engage, inspire and unify. In their venue, Band on the Wall, and through their wider programmes and activities, they enable all people to discover, explore, enjoy and participate in the best music from around the world.
Band on the Wall has been at the heart of Manchester’s cultural and music landscape for more than a century. While making a name for itself for bringing the finest jazz, folk, blues and international music to Manchester, Band on the Wall became central to the town’s famed post-punk scene in the late 1970s when Buzzcocks, The Fall and Joy Division played some of their earliest gigs at the venue.
Since 2019, Inner City Music has delivered a programme of learning and participation activities called World of Music. The programme uses music as a tool for engagement with social and cultural heritage and identity, focussing on the migrant communities of Manchester, while tackling loneliness and providing enjoyment and mental and physical wellbeing for all ages.
Despite its cultural significance, in 2014 a full review concluded that the building was too small to support a live music venue without substantial subsidy.
Our support
The charity embarked on a six-year, £3.5 million project to transform the building to truly make it the best showcase music venue of its scale in the UK, expanding its capacity with new learning spaces and opening a second venue for emerging artists.
Alongside financial support from funds such as the Arts Council England’s Cultural Recovery Fund and the National Lottery Heritage Fund, CAF Venturesome provided social investment to ensure the project achieved its goals.
In 2019, CAF Venturesome offered Inner City Music a £200,000 unsecured loan to initiate the pre-construction enabling works in spring 2020. Only £50,000 of this was used before the project was paused due to the pandemic, with the remaining amount recycled back into our fund.
Construction began in November 2020 and in 2021 we offered a new social investment of £250,000 consisting of a £150,000 loan and a £100,000 standby facility. This standby facility provided the flexibility to protect against future uncertainties around building costs, construction delays and other unexpected complications.