More than 1,300 arts and cultural organisations have now successfully claimed under the Government’s landmark Culture Recovery Fund, new figures have revealed.
The official statistics, published by the Department for Digital, Culture, Media & Sport (DCMS), provide an update on the success of the £1.57 billion scheme designed to support businesses affected by Covid-19.
According to the report, 1,385 organisations, ranging from theatres and music venues to museums and galleries, will benefit from £257 billion in the latest tranche of funding.
This round includes only organisations who applied for funding of less than £1 million to cover the costs of recovery and rebuilding their business. This includes historic venues such as the Cavern Club in Liverpool, Royal Academy of Dance in London, Bristol Old Vic, Beamish in County Durham and Stowmarket’s John Peel Centre for Creative Arts.
The latest round of funding brings the total amount of grant funding awarded to more than £360 million.
Commenting on the success of the scheme, Sir Nicholas Serota, Chair, Arts Council England, said: “Theatres, museums, galleries, dance companies and music venues bring joy to people and life to our cities, towns and villages.
“This is a difficult time for us all, but this first round of funding from the Culture Recovery Fund will help sustain hundreds of cultural spaces and organisations that are loved and admired by local communities and international audiences. Further funding will be announced later in the month and we are working hard to support creative organisations and individuals during these challenging times.”
The Culture Recovery Fund is just one of many initiatives launched by the Government to protect vulnerable businesses. The rescue package also includes Business Rates Relief, the Coronavirus Business Interruption Loan Scheme (CBILS) and grant funding of up to £25,000 available through the Retail, Hospitality and Leisure Grant Fund.
For support and advice making a claim under the Culture Recovery Fund, please get in touch with our expert team today.
