New funding rounds announced in UK
Millions of pounds worth of further grants and loans have been made available in England and Scotland to help the UK live industry recover from Covid-19.
Arts Council England (ACE) has opened applications for a second round of repayable finance for culturally significant organisations in England.
The programme, which is part of the UK Government’s £1.57 billion Cultural Recovery Fund (CRF), aims to support those organisations as they transition back to a ‘viable and sustainable operating model’ during the 2021/22 financial year.
The budget for the second round is up to £100 million and the minimum amount that can be applied for is £1m. The final round of CRF grants, totalling around £300m, are expected to open for applications in early January.
Organisations who have previously been awarded a CRF loan are not eligible to apply for further CRF loans, while previously successful grant applicants can.
Last week, the Government and ACE announced the first-round recipients of the repayable finance scheme which included London venues the Royal Albert Hall (£20.74m) and Southbank Centre, while Alexandra Palace (pictured) was awarded £2,967,600 from the £60m Capital Kickstart Fund. The latest grants and loans marked a milestone £1bn in funding allocated.
Elsewhere, the Scottish government has announced an extra £13 million to provide further support for the events sector in Scotland.
Of this, £6 million has been committed for the establishment of a new fund which will open this week to support those event businesses which are critical to Scotland’s events sector, and without which the capacity to deliver major events would be significantly reduced.
“This [£13m] will help hard-pressed businesses going forward and ensure that they are ready to support the recovery”
The Pivotal Event Businesses Fund will provide grants from £25,000 up to a maximum of £150,000 to support approximately 50 to 100 event businesses whose primary role as organisers, suppliers, contractors and venues is critical to the survival of the events sector in Scotland, and upon whom the wider events industry and supply chain are most reliant for their own business and operations.
The remaining funding will be used to set up a separate fund to provide broader support to businesses across the full range of the events sector, including the supply chain, and will be announced early in the new year.
The latest funding follows the £10 million announced by the culture secretary in July for the events industry, of which £6 million was allocated to the now-closed Event Industry Support Fund while £2 million was allocated to Scotland’s Events Recovery Fund currently being run by EventScotland.
“The events sector has faced severe challenges throughout 2020 as the restrictions necessary to contain the coronavirus pandemic have left most businesses unable to operate. While the arrival of a vaccine offers grounds for hope, the events sector and its wider supply chain will continue to experience difficulties for some time to come,” says culture secretary Fiona Hyslop.
“We were able to provide financial support for the events sector in the autumn but we have continued to listen and we acknowledge that further funding is required. This additional £13 million will allow us to help hard-pressed businesses going forward and ensure that they are ready to support the recovery when it is safe to operate again.
“Scotland has a well-earned reputation for delivering successful events at local, national and international level. We are working collaboratively with the industry to ensure that the sector has a future to look forward to and that we maintain our position as the perfect stage for events.”
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