Shakespeare's Globe Theaters Sets Stage for New Funding for Culture

William Shakespeare's Globe theaters is taking on a new role as a financial trail-blazer by seeking to tap into a form of funding dominated to date by social enterprises and charities.
The Globe theaters on the banks of the River Thames in London is in the early stages of preparing a $7.5 million social impact bond which it hopes will help finance a new library, archive and research center.
The aim of social impact bonds is to raise funding for social enterprises or charities directed toward creating social or environmental good with investors receiving returns if a specified performance goal is met.