The Government has announced a second round of funding from the Culture Recovery Fund. £400 million of the £1.57 billion Fund, which was held back in the previous round, will soon be open for applications. £300 million in grants and £100 million in loans will be available to support organisations’ transition back to usual operating mode from April 2021. More information will be released shortly.
In addition, the Government announced the allocation of £165 million in repayable finance offers to 11 nationally and internationally significant organisations that demonstrated opportunities to engage local communities through education and outreach programmes. The Government also shared that £58.8 million of capital investment had been given to 74 arts organisations whose projects were impacted by the pandemic. Several Alliance members were among the beneficiaries, including Alexandra Palace and Historic Royal Palaces, as well as many members of members.
Read more in the Government’s press release.