Are you involved in the transformation of a heritage site into a vibrant community hub? Wondering about financing mechanisms and business models that can optimize the sustainability of your endeavor? Do you want to improve the policy framework for adaptive reuse projects in your region?

OpenHeritage has released its third Policy Brief entitled “Financing the adaptive reuse of cultural heritage: Enabling complementary financing instruments for bottom-up initiatives”. 

Financing the adaptive reuse of cultural heritage is a challenging undertaking and requires the orchestration of complementary funding sources to cover both renovation and operational costs. This Policy Brief has been developed from the perspective of bottom-up initiatives active in areas, where fundraising efforts tend to face particular barriers. Although heritage regeneration is often seen as a heavy bill someone has to pay, adaptive reuse projects can become dynamic value generators for surrounding areas and their communities. We hope to inspire public and private actors to embrace mixed approaches by providing examples of different financing models as well as clear and applicable recommendations for their implementation.

Enjoy a 10 min read with key insights from international experts here.