The Museums, Libraries and Archives Council (MLA) has published details of provisional funding arrangements for the Renaissance programme in 2011-12.
It follows last month's announcement that a 'road map' for the scheme had been agreed as responsibility for the funding transfers to Arts Council England towards the end of 2011.
A total of £45.6m has been announced, of which £34.5m will go directly to Hub museums in grant aid. Individual business plans for each attraction are being finalised.
Nearly £3m has been earmarked to enable the completion of projects already approved in this year's business plans and currently underway at Hub attractions.
Meanwhile, £3m of the remaining £8.3m funding will be spent on museum development across England, with more than £300,000 to help sites through the Accreditation process.
Efforts to support Designated collections will receive £400,000; the V&A Purchase Grant has secured £600,000; and PRISM has been allocated £150,000.
MLA chief executive Roy Clare said: "Despite reduced funding, our objective is to enable museums to continue to develop access to their collections, raise their standards and improve their services for the public.
"We have looked objectively across all of our investments that support museums and collections, and we have set priorities based on the long-term vision for the best possible network of museums across the country."