£1.5 billion pledged to rescue museums, galleries and theatres

Lawrence Kim
July 7, 2020

In recent weeks there have also been well publicised reports of the financial difficulties of major London venues and organisations such as the Royal Albert Hall and the Royal Opera House, whilst closures and redundancies have taken place around the country.

With warnings that without more government support, around 70% of theatres were facing closure by Christmas, the package includes a mixture of loans and grants and is been billed as the biggest ever one-off investment in United Kingdom culture.

"This money will help safeguard the sector for future generations, ensuring arts groups and venues across the United Kingdom can stay afloat and support their staff whilst their doors remain closed and curtains remain down", Johnson said in a statement.

The £880m worth of grant money will be shared between theatres, music venues, heritage sites, museums, galleries and independent loans, will be supplemented by £270m worth of repayable loans.

Arts Council England, Historic England, National Lottery Heritage Fund and British Film Institute are among the arts organisations tasked with assessing applications for the £880m worth of performing arts grant ring-fenced in the government's £1.6bn coronavirus arts rescue package.

£1.15 billion support pot for cultural organisations in England delivered through a mix of grants and loans.

Chancellor Rishi Sunak said the arts and heritage sectors employ more than 700,000 people and were "critical" to the UK's economy. "I said we would not let the arts down, and this massive investment shows our level of commitment".

"It's an absolute life saver for all of us", chief executive Craig Hassall said.

She said: "The Government needs to ensure that this vital funding gets to those theatres and other organisations now teetering on the brink, and fast - especially those across the towns and small cities where live performance venues and other arts organisations are so valuable to local economies, providing many interdependent jobs, particularly in hospitality". "Culture and the arts matter, and this Govt back you". There will be funding of £100 for national cultural institutions and the English Heritage Trust.

Sir Simon Rattle stated; "We hope it will be distributed as fast as possible.as so many institutions and individual artists have been staring into the abyss,"whilst, Arts Council chairman Sir Nicholas Serota told BBC News the funding was "a very good result".

Other reports by Click Lancashire

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