Britain’s globally renowned arts, culture and heritage industries will receive a £1.57 billion rescue package to help weather the impact of coronavirus. The government announced the measures on 5 July 2020.
For more information on how it is being distributed:
- £500 million from the Culture Recovery Fund
- Repayable finance £270 million and £120 million in capital investment
- Government support: £500m for film and TV production 'jumpstart'
- £3.36 million granted to grassroots music venues
Thousands of organisations across a range of sectors including the performing arts and theatres, heritage, historic palaces, museums, galleries, live music and independent cinema will be able to access emergency grants and loans. Ways of accessing funding will be announced later in July.
The money, which represents the biggest ever one-off investment in UK culture, will provide a lifeline to vital cultural and heritage organisations across the country hit hard by the pandemic. It will help them stay afloat while their doors are closed. Funding to restart paused projects will also help support employment, including freelancers working in these sectors.
This new package will be available across the country and ensure the future of these multi billion-pound industries are secured.
The package includes funding for national cultural institutions in England and investment in cultural and heritage sites to restart construction work paused as a result of the pandemic. This will be a big step forward to help rebuild our cultural infrastructure.
- £1.15 billion support pot for cultural organisations in England delivered through a mix of grants and loans. This will be made up of £270 million of repayable finance and £880 million grants.
- £100 million of targeted support for the national cultural institutions in England and the English Heritage Trust.
- £120 million capital investment to restart construction on cultural infrastructure and for heritage construction projects in England which was paused due to the coronavirus pandemic.
- The new funding will also mean an extra £188 million for the devolved administrations in Northern Ireland (£33 million), Scotland (£97 million) and Wales (£59 million).
Decisions on awards will be made working alongside expert independent figures from the sector including the Arts Council England and other specialist bodies such as Historic England, National Lottery Heritage Fund and the British Film Institute.
Repayable finance will be issued on generous terms tailored for cultural institutions to ensure they are affordable. Further details will be set out when the scheme opens for applications in the coming weeks.
The government is finalising guidance for a phased return of the performing arts sectors that will be published shortly. The government is working with the sectors to get it back up and running as soon as it is safe to do so and is being guided by medical experts.