HomeInsightsUK Music welcomes the £257 million share-out of Government cash to a host of music venues and orchestras

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UK Music says that that the grants to 1,385 Covid-hit arts organisations as part of the Government’s £1.57 billion Cultural Recovery Fund are “a lifeline for the arts and important cultural assets” (see item below). UK Music explains that an estimated 90% of applications to the Arts Council from the grassroots sector for funding, as defined for the Music Venues Alliance, have been successful in a major boost to live music and venues. The announcement is for Round 1 of grant applications that are under £1 million.

Welcoming the announcement, the CEO of UK Music, Jamie Njoku-Goodwin, said: “This funding is fantastic news and will be a lifeline for so many music venues that have been struggling to survive since they first felt the impact of Covid-19 in March. It is a huge vote of confidence in the £5.2 billion UK music industry, and recognises that our industry will be a key part of the post-pandemic recovery. … While the music industry will still need support to help it recover, particularly for the 72% of our sector who are self-employed, today is a hugely welcome first step …”. To read UK Music’s press release in full, click here.