ACE announces £160m fund to support culture organisations during COVID-19 outbreak | attractionsmanagement.com news
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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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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.

Sign up here to get the Attractions Management weekly ezine and every issue of Attractions Management magazine free on digital.
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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28-30 Sep 2021

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01-07 Dec 2022

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+ More diary  
 


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