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ACE announces £160m fund to support culture organisations during COVID-19 outbreak
POSTED 25 Mar 2020 . BY Tom Anstey
London's National Theatre is among the organisations that will benefit from the emergency fund Credit: Shutterstock.com
"Our responsibility is to sustain our sector as best we can so that artists and organisations can continue to nourish the imagination of people across the country"
– Nicholas Serota, ACE chair
Arts Council England (ACE) has responded to the "massive and unsustainable loss of revenues" caused by COVID-19 by announcing an emergency £160m (US$191.2m, €176.4m) emergency funding package.

ACE says that the funding is being made available to help cultural organisations, freelancers and individual artists during the epidemic.

As well as preventing arts organisations from going bust, the fund – which is coming from a combination of ACE's emergency reserves and a suspension of national lottery project grants – is also intended to help them "buoy the public" with creative ideas during the lockdown.

The fund has been split into several parts. The first will use £20m (US$19.2m, €17.6m) to support freelancers and creative practitioners, with individual artists granted up to £2,500 (US$3,000, €2,700) from that pot.

A further £50m (US$59.7m, €55.1m) will go towards the support of culture organisations not in the national portfolio, with these organisations able to apply for grants of up to £35,000 (US$41,800, €38,600) to get back on their feet or continue making work in the future.

The final £90m (US$107.6m, €99.2m) will be put towards the 828 organisations that are included in the national portfolio. There is no financial cap for these organisations, which can now also request a six-month advance on current grants.

ACE has also delayed the next investment process for organisations who receive regular core funding. The process for 2022-26 was due to begin in Q3 this year, but now the current portfolio will be rolled over for an extra year to 2023.

"COVID-19 is having an impact globally, far beyond the cultural sector – but our responsibility is to sustain our sector as best we can, so that artists and organisations can continue to nourish the imagination of people across the country, both during the crisis and in the period of recovery," said ACE chair, Nicholas Serota.

"None of us can hope to weather this storm alone, but by working together in partnership, I believe we can emerge the stronger, with ideas shared, new ways of working, and new relationships forged at the local, national and even international level."

Funding will be available by 30 March, with payments made within six weeks.

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Jobs   News   Products   Magazine
NEWS
ACE announces £160m fund to support culture organisations during COVID-19 outbreak
POSTED 25 Mar 2020 . BY Tom Anstey
London's National Theatre is among the organisations that will benefit from the emergency fund Credit: Shutterstock.com
Our responsibility is to sustain our sector as best we can so that artists and organisations can continue to nourish the imagination of people across the country
– Nicholas Serota, ACE chair
Arts Council England (ACE) has responded to the "massive and unsustainable loss of revenues" caused by COVID-19 by announcing an emergency £160m (US$191.2m, €176.4m) emergency funding package.

ACE says that the funding is being made available to help cultural organisations, freelancers and individual artists during the epidemic.

As well as preventing arts organisations from going bust, the fund – which is coming from a combination of ACE's emergency reserves and a suspension of national lottery project grants – is also intended to help them "buoy the public" with creative ideas during the lockdown.

The fund has been split into several parts. The first will use £20m (US$19.2m, €17.6m) to support freelancers and creative practitioners, with individual artists granted up to £2,500 (US$3,000, €2,700) from that pot.

A further £50m (US$59.7m, €55.1m) will go towards the support of culture organisations not in the national portfolio, with these organisations able to apply for grants of up to £35,000 (US$41,800, €38,600) to get back on their feet or continue making work in the future.

The final £90m (US$107.6m, €99.2m) will be put towards the 828 organisations that are included in the national portfolio. There is no financial cap for these organisations, which can now also request a six-month advance on current grants.

ACE has also delayed the next investment process for organisations who receive regular core funding. The process for 2022-26 was due to begin in Q3 this year, but now the current portfolio will be rolled over for an extra year to 2023.

"COVID-19 is having an impact globally, far beyond the cultural sector – but our responsibility is to sustain our sector as best we can, so that artists and organisations can continue to nourish the imagination of people across the country, both during the crisis and in the period of recovery," said ACE chair, Nicholas Serota.

"None of us can hope to weather this storm alone, but by working together in partnership, I believe we can emerge the stronger, with ideas shared, new ways of working, and new relationships forged at the local, national and even international level."

Funding will be available by 30 March, with payments made within six weeks.

RELATED STORIES
Hal McEvoy calls for US$250bn fund to protect attractions during pandemic


IAAPA's president and CEO, Hal McEvoy, has urged the US government to support the attractions industry during the coronavirus crisis, urging the Senate to take immediate and extraordinary action to support the country's economy.
Culture in Quarantine: BBC bringing the arts to people's homes with special festival


With coronavirus forcing the closure of Britain's arts institutions, the BBC has offered a way for isolated citizens to get their cultural fix – a festival to show how the sector is responding to the global panemic.
Arts Council England allocates £17.5m to local culture projects


Arts Council England has named 13 new additions to its Creative People and Places (CPP) project, which it says is about local people choosing, creating and taking part in the arts and culture on offer to them.
UK arts and culture is a thriving industry, says report


A new report conducted by the UK’s Centre for Economic and Business Research has found that the country’s arts and culture industry contributes £10.8bn to its economy.
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Longleat's Lord Bath dies from COVID-19
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London Transport Museum goes digital
London Transport Museum’s doors might be closed due to the coronavirus pandemic, but the collection is now open to virtual visitors online.
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COMPANY PROFILES
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
Simworx Ltd

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

We create guest experiences others don’t, masterplan like no one else can, and give the world’s bi [more...]
+ More profiles  
FEATURED SUPPLIER

Healthy appetite for investment at EAG International 2020
A buoyant EAG International has welcomed in the new decade as a well-rounded event with high levels of optimism and positivity on the show floor. [more...]
VIDEO GALLERY

Animalive - Introducing AnimaChat!
Introducing AnimaChat, one operator can live-stream into multiple venues. Find out more...
More videos:
Miko and the Spell of the Stone - Movie Trailer – Red Raion
Trailer Pinocchio - A Modern Tale VR – Red Raion
Red Raion Showreel 2019 – Red Raion
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

19-22 Apr 2020

Arabian Travel Market

Dubai World Trade Centre, Dubai, United Arab Emirates
08 Oct 2020

VAC 2020 (The Annual National Conference of Visitor Attractions)

Queen Elizabeth II Conference Centre, London, United Kingdom
+ More diary  
 


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