The £1.57 billion package will be used to help support the performing arts and theatres, museums, heritage, galleries, independent cinemas and live music venues through the impact of the coronavirus pandemic. The Government says that £2.25 million of emergency funding will be used to support venues at imminent risk of collapse and it is expected to benefit up to 150 venues across the country.
The package of support will be administered by Arts Council England (ACE) and will target music venues, including a number identified by the Music Venues Trust, that are at severe risk of insolvency. The funding will provide grants of up to £80,000 to help venues survive the next few months. The funding will be used to cover essential on-going costs for venues including rent, utilities, maintenance contracts and other bills.
The Government expects funding to be received by organisations within the next few weeks. Further details on how organisations can apply to the £1.57 billion package will be released in the coming days. To read the Government’s announcement in full, click here.