PARLIAMENTARY WRITTEN QUESTION
Culture Recovery Fund (15 December 2020)
Question Asked
Asked by:
Sir John Hayes (Conservative)
Answer
We have now reached a critical milestone - £1 billion worth of funding from the Culture Recovery Fund has been allocated across all four nations of the UK. That includes:
Direct support to national institutions and the Devolved Administrations, who have received £188 million through the Barnett formula;
Over £500million in recovery grants to over 3000 arts and heritage organisations in England;
Over £100million in capital grants to arts and heritage organisations;
And over £160million in generous repayable finance to some of our most iconic national institutions
The £1 billion already committed has supported over 3000 organisations to weather this storm, supporting more than 75,000 jobs, with many more freelancers and jobs in vital supply chain industries also benefitting.
An additional £400m of grants and loan funding was announced on 11 December, which will support significant cultural organisations who now face financial distress as a result of closure, as well as helping them transition back to fuller opening in the spring.
Answered by:
Dame Caroline Dinenage (Conservative)
23 December 2020
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