Home U.K Arts venues receive £400m cash bailout with 70% of funding being spent...

Arts venues receive £400m cash bailout with 70% of funding being spent outside London

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A further 2,700 cultural organisations will today be awarded payouts from the Government’s cultural recovery fund. Dame Judi Dench said: “Local cinemas are a vital part of our cultural lives. We need to make sure that generations today and in the future have the same opportunities to enjoy the big screen experience.” More than 70 percent of funding is going outside London to help organisations welcome back visitors and return to normal.

Over £170million in loans has been offered to organisations including the National Theatre and Royal Shakespeare Company with a further £81million available for 23 nationally and internationally significant organisations.

The English Heritage Trust, which cares for 420 historic monuments, buildings, objects and places, will get £23.4million to cover Covid-related losses and upkeep.

The North Music Trust, which operates the The Sage Gateshead, gets £3million for running costs.

The new money follows a first round of grants and loans totalling more than £800million to bail out 3,800 cultural organisations and heritage sites.

Stephen Fry said: “The support extended through the Culture Recovery Fund allows us to reopen in a Covid-safe way.”

Glastonbury Festival will get £900,000 to help it continue in 2021, with two smaller events, as well as to prepare for a full return next year.

Festival organiser Emily Eavis, said: “This grant will make a huge difference in helping to secure our future.”

Culture Secretary Oliver Dowden said: “We are helping our cultural gems plan for reopening and to thrive in the better times ahead.”



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