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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.

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The Themed Entertainment Association (TEA), has launched TEA Digital – a new online initiative designed to provide education, professional development, discussion and digital networking opportunities for TEA members, as well as keep them connected during the current climate.
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COMPANY PROFILES
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
Simworx Ltd

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

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [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

Red Raion - Miko and the Spell of the Stone - Movie Trailer
Red Raion is the CGI studio specialized in media based attraction. Find out more...
More videos:
Introducing AnimaChat! – Animalive
Trailer Peter Pan - Saving Tinkerbell VR – Red Raion
Red Raion: Meet the Team - Introduction – Red Raion
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

31 Mar - 02 Apr 2020

World Travel Market Latin America

Expo Center Norte, Sao Paulo, Brazil
08 Oct 2020

VAC 2020 (The Annual National Conference of Visitor Attractions)

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


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2020

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