£400 Million Additional Funding Announced for Cultural Organisations
23 Dec 2020 by Libby Mahoney
The UK Government has announced an additional £400 million will be awarded to arts, culture and heritage organisations across England in the form of grants and loans from the Culture Recovery Fund.
Funding, which was held back in previous rounds, will be available for Cultural organisations that were financially stable before Covid-19, but are now at imminent risk of collapse. £300 million in grants and £100 million in loans will be offered to support organisations’ transition back to their usual means of operating from April 2021.
The Fund will be administered by the Arts Council England.
Further details will be released in due course, see www.artscouncil.org.uk/news/culture-recovery-fund-more-support-arts-and-culture for updates.