Insider News

Follow us on social media.
For all our latest news.

Emergency funding to support creative industries impacted by the coronavirus crisis

Arts Council England has announced an emergency funding package to support creative industries impacted by the coronavirus crisis.


The Council has confirmed that National Portfolio Organisations will be able to request an advance of up to six months of their 2020/21 funding in April. The plans are intended to provide support and ease the financial impact across the sector. Arts Council England recognises that everyone in the publicly-supported cultural sector – from individual artists and freelancers, to the staff of large cultural institutions – needs an emergency response. The new measures are:

  • A £160m emergency response package to support individual artists, freelancers and cultural organisations. This will help individuals and organisations focus on two things: sustaining their livelihoods and businesses, and developing creative responses to the Covid-19 crisis, to help buoy the public for its duration.
  • The postponement of the next National Portfolio Organisation investment process, due to begin this autumn, and the rolling over of the Council’s current National Portfolio for one year, to 2023.
  • The emergency response package will comprise of £20m for creative practitioners and freelancers, £50m for organisations who aren’t in the National Portfolio and £90m for National Portfolio Organisations Artists and a wide range of creative practitioners will be eligible for grants up to £2,500. Arts Council England will administer £16m of this fund and is planning to make additional grants of up to £4m to external benevolent funds, for other cultural workers.
  • Organisations outside the National Portfolio will be able to apply for grants of up to £35,000, and conditions for those already receiving funding from the Arts Council through National Lottery Project Grants will be relaxed where relevant.

Guidance and a detailed timeline for the funds for individuals and for organisations who aren’t in the Arts Council portfolio will be published on 30 March 2020. Further details of the £90m fund for NPOs will be released just after Easter. The NPO fund comes alongside measures the Arts Council has already taken around advancing current grants to help with cashflow and relaxing funding conditions.  More information and regular updates are available on the Art Council Website.

 

CORONAVIRUS RESOURCES

Get In Touch

Please get in touch if you want to talk more about how we can help you.
We offer an initial consultation free of charge which gives us the chance to meet and discuss your needs, with no obligation.

Corporate Finance in Solihull

Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH

0121 693 5000

Quick Links


Jerroms is a trading style of Jerroms Business Solutions Limited 08923059, Jerroms (Bromsgrove) Limited 08433008 and Jerroms Corporate Finance Limited 12112183 . 
Registered office for each of these companies is: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH