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The Shop Floor Project works with a wonderful array of designers, artists and makers to design, develop and commission extraordinary collections.

Home / OWN ART - with an interest free loan

OWN ART - with an interest free loan

HOW TO BEGIN?

FILL OUT THIS SHORT ENQUIRY FORM BELOW

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An interest free loan, supported by Arts Council England.

The Shop Floor Project is now a member of Own Art, a Creative United initiative supported by Arts Council England. Own Art allows us to offer our customers interest free loans (over 10 months) to buy original art and craft from The Shop Floor Project's collections with a combined value of £100 up to £2,500.

As one of only a few online galleries invited to join the initiative, we are excited to be part of the Own Art community with members including the Tate and the Royal Academy of Arts. The scheme recognises The Shop Floor Project's commitment to developing exceptional collections by living artists and makers over the past decade.

HOW IT WORKS

It couldn't be simpler. You tell us the object or objects you'd like to purchase, you then complete the application online at your own pace and convenience.

The total amount of your order is split equally over 10 months payable by direct debit. For example, if your order came to £500, it would work out at £50 per month for 10 months.

THE PROCESS

  1. Select a piece of work or a selection of objects that you would like to purchase
  2. Look for the pink Own Art logo next to the object/s to see if it is eligible for the loan (some works are not, see reason below)
  3. Call the studio on 01229 584537 to apply (10am - 5pm Mon-Fri)
  4. Or fill out this simple form and apply online
  5. We will send an email link to you in order to complete the simple Novuna loan application online, once completed you will receive an instant decision. Novuna (NCF) is the Own Art scheme's finance partner.
  6. NCF let us know if the loan has been approved
  7. We send your order as soon as it is ready 
  8.  NCF send you a welcome letter and the 10 monthly payments will be collected by direct debit from your account starting 4 weeks after you've received your order.

 

ELIGIBILITY 

Own Art is available to all UK residents over the age of 18, subject to status. This means that you must be able to meet the following criteria in order to be approved for a loan:

  • Over the age of 18
  • A permanent UK resident
  • Working at least 16 hours a week (employed or self-employed)
  • A retired person in receipt of a pension

If you are not working but are married to or living with a partner who does have a full time job, then you may still apply provided that your partner is happy for their employment details to be included on your application form.

FAQ

How much can I borrow?

Own Art loans allow you to borrow from as little as £100 up to a maximum of £2,500 for the purchase of works of art by living artists.

Can I buy more than one item?

Yes. You can group as many items together as you would like as long as the pink Own Art logo is shown next to the object. And as long as the total value is under £2,500

Can the cost of framing be included in the loan?

Yes, the cost of framing eligible artwork can be included in the loan.

Why are some items excluded from the scheme?

There are a few restrictions which are useful to remember before you set your heart on something:

  • Works of art for purchase with an Own Art loan must be by contemporary (i.e. living) artists and makers
  • Own Art is not available for the purchase of reproductions of originals, manufactured objects or prints with an edition of more than 150

I've seen something else I love, can I apply for another loan even though I have a current one?

There is no limit on the number of times you can use Own Art, but it's recommend that you leave at least 8 weeks before applying for a further Own Art loan. Each loan application is subject to a credit check, and your application may be declined if you have not yet already established a repayment record for an existing Own Art loan, or if the finance company considers that the total amount of credit you are asking for is too high in relation to your income.

Who finances the loan?

Own Art's finance partner is Novuna Consumer Finance. Read more about Novuna and Own Art here