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NEWS
London takes cut to boost regional arts by £170m in Arts Council's new National Portfolio
POSTED 28 Jun 2017 . BY Tom Anstey
The National Theatre is among the 'big four' arts institution, which were all asked to submit applications for 3 per cent less money, with that funding being allocated regionally Credit: National Theatre
Arts Council England (ACE) has shown its commitment to institutions outside of London and smaller arts organisations, after revealing details of its four-year National Portfolio for funding.

In October, ACE announced announced “ambitious” investment plans for 2018-2022, totalling £622m a year for its three main funding streams, with a record £409m designated to the National Portfolio’s annual budget.

Following numerous calls in recent years to overhaul the framework for cultural funding in England – particularly in addressing the funding disparity between London and the rest of the UK – the new National Portfolio promises a more diverse and regionally-balanced arts landscape.

Covering 831 organisations – an increase of 183 from 2015-2018 – the portfolio also for the first time includes museums and libraries, with 72 of the new applicants being museums and seven libraries.

In terms of funding for London and the rest of England, there has been a significant shift in recent years. For the 2012-2015 budget the split was 54-46 in favour of the rest of the country. For 2015-2018, the gap stands at 56-44. The 2018-2022 budget increases that gap again to 60-40.

According to a report from January, between 2010 and 2015, there has been a 20 per cent reduction in spending by local authorities, with further cuts expected through to 2020, creating “cultural cold spots” across Britain.

ACE has addressed this in its portfolio, with an extra £170m (US$218m, €191.5m) to be spent over the four year period outside of the capital – a 4.6 per cent increase to regional funding, with significantly increased investment in places like Reading, Bradford, Plymouth, Northumberland and Stoke.

The “big four” arts institutions – The National Theatre, the Royal Opera House, the Southbank Centre and the Royal Shakespeare Company – had all been asked by ACE to submit applications for 3 per cent less money, with that funding being reallocated across the UK.

“We’ve focused on ensuring that this is a diverse portfolio that will produce work relevant to the world we live in, as well as supporting fresh talent and artists from many different backgrounds and representing different perspectives. The arts, and society generally, urgently need to draw on the huge resources of our national diversity,” said ACE chief executive, Darren Henley.

“This portfolio has emerged from an exhaustive and rigorous process, from initial consultations with the sector, through to the final balancing decisions. Financially, we’ve committed all we can to this new portfolio because we believe that this is the right time. Up and down England there are organisations, villages, towns and cities that will benefit hugely from this investment.”
RELATED STORIES
  Arts Council announces £4.6m diversity scheme


Art Council England (ACE) has announced a £4.6m (US$5.6m, €4.6m) diversity scheme for the nation’s arts and culture sector.
  Arts Council England unveils expanded funding structure to better benefit country's national portfolio


Arts Council England (ACE) has announced “ambitious” investment plans for 2018-2022, totaling £622m a year for its three main funding streams, with the organisation also planning to change its finance structure to allow more organisations to benefit from its funding.
  Sir Nicholas Serota steps down as Tate director to become Arts Council chair


Tate director Sir Nicholas Serota has been named new chair of Arts Council England (ACE) by culture secretary Karen Bradley.
  Arts Council grants aim to address ethnic imbalance in culture sector


With recent statistics suggesting that only a fraction of people from ethnic backgrounds are employed in the culture sector, Arts Council England (ACE) has allocated £5.3m (US$6.9m, €6.2m) to help cultural organisations boost levels of diversity within their respective institutions.
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Montana Heritage Center opens with immersive exhibits and US$107 million investment
The Montana Historical Society has officially celebrated the opening of its new Montana Heritage Center, a US$107 million (£79 million, €92 million) destination that combines immersive storytelling with cutting-edge audiovisual technology to bring the sta
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NEWS
London takes cut to boost regional arts by £170m in Arts Council's new National Portfolio
POSTED 28 Jun 2017 . BY Tom Anstey
The National Theatre is among the 'big four' arts institution, which were all asked to submit applications for 3 per cent less money, with that funding being allocated regionally Credit: National Theatre
Arts Council England (ACE) has shown its commitment to institutions outside of London and smaller arts organisations, after revealing details of its four-year National Portfolio for funding.

In October, ACE announced announced “ambitious” investment plans for 2018-2022, totalling £622m a year for its three main funding streams, with a record £409m designated to the National Portfolio’s annual budget.

Following numerous calls in recent years to overhaul the framework for cultural funding in England – particularly in addressing the funding disparity between London and the rest of the UK – the new National Portfolio promises a more diverse and regionally-balanced arts landscape.

Covering 831 organisations – an increase of 183 from 2015-2018 – the portfolio also for the first time includes museums and libraries, with 72 of the new applicants being museums and seven libraries.

In terms of funding for London and the rest of England, there has been a significant shift in recent years. For the 2012-2015 budget the split was 54-46 in favour of the rest of the country. For 2015-2018, the gap stands at 56-44. The 2018-2022 budget increases that gap again to 60-40.

According to a report from January, between 2010 and 2015, there has been a 20 per cent reduction in spending by local authorities, with further cuts expected through to 2020, creating “cultural cold spots” across Britain.

ACE has addressed this in its portfolio, with an extra £170m (US$218m, €191.5m) to be spent over the four year period outside of the capital – a 4.6 per cent increase to regional funding, with significantly increased investment in places like Reading, Bradford, Plymouth, Northumberland and Stoke.

The “big four” arts institutions – The National Theatre, the Royal Opera House, the Southbank Centre and the Royal Shakespeare Company – had all been asked by ACE to submit applications for 3 per cent less money, with that funding being reallocated across the UK.

“We’ve focused on ensuring that this is a diverse portfolio that will produce work relevant to the world we live in, as well as supporting fresh talent and artists from many different backgrounds and representing different perspectives. The arts, and society generally, urgently need to draw on the huge resources of our national diversity,” said ACE chief executive, Darren Henley.

“This portfolio has emerged from an exhaustive and rigorous process, from initial consultations with the sector, through to the final balancing decisions. Financially, we’ve committed all we can to this new portfolio because we believe that this is the right time. Up and down England there are organisations, villages, towns and cities that will benefit hugely from this investment.”
RELATED STORIES
Arts Council announces £4.6m diversity scheme


Art Council England (ACE) has announced a £4.6m (US$5.6m, €4.6m) diversity scheme for the nation’s arts and culture sector.
Arts Council England unveils expanded funding structure to better benefit country's national portfolio


Arts Council England (ACE) has announced “ambitious” investment plans for 2018-2022, totaling £622m a year for its three main funding streams, with the organisation also planning to change its finance structure to allow more organisations to benefit from its funding.
Sir Nicholas Serota steps down as Tate director to become Arts Council chair


Tate director Sir Nicholas Serota has been named new chair of Arts Council England (ACE) by culture secretary Karen Bradley.
Arts Council grants aim to address ethnic imbalance in culture sector


With recent statistics suggesting that only a fraction of people from ethnic backgrounds are employed in the culture sector, Arts Council England (ACE) has allocated £5.3m (US$6.9m, €6.2m) to help cultural organisations boost levels of diversity within their respective institutions.
MORE NEWS
OMA completes New Museum transformation with landmark expansion and Oberon restaurant
OMA has completed a major transformation of New York's New Museum, creating a larger cultural campus that combines expanded exhibition spaces with learning, performance, hospitality and public programming.
David Rockwell creates immersive magic destination, The Hand and The Eye
A US$50 million (£44.2 million, €51.2 million) transformation of Chicago's historic McCormick Mansion has created a new destination that combines live magic, immersive theatre, dining and private membership under one roof.
Montana Heritage Center opens with immersive exhibits and US$107 million investment
The Montana Historical Society has officially celebrated the opening of its new Montana Heritage Center, a US$107 million (£79 million, €92 million) destination that combines immersive storytelling with cutting-edge audiovisual technology to bring the sta
Universal launches new theme park model with Kids Resort
Universal Destinations and Experiences has launched a new regional theme park model with the opening of Universal Kids Resort in Frisco, Texas.
San Antonio Zoo reports $283 million economic impact as expansion plans progress
San Antonio Zoo has reported a US$283 million economic impact for 2025, following a decade- long transformation programme that has seen almost US$200 million invested into the Texas attraction.
Great Barrier Reef attraction set for AU$180 million reinvention
Plans for the AU$180 million redevelopment of Reef HQ Aquarium in Townsville, Australia, are progressing, with the project set to transform the attraction into a global centre for reef education and conservation.
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COMPANY PROFILES
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
iPlayCO

iPlayCo was established in 1999. [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
29 Sep - 02 Oct 2026

Synergy - The Retreat Show

Pical Resort, Valamar Collection, Porec, Croatia
+ More diary  
 


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