Arts: Finance

(asked on 15th January 2018) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, what steps he is taking to support the arts sector to become self-funding and financially sustainable.


Answered by
Michael Ellis Portrait
Michael Ellis
This question was answered on 23rd January 2018

The Department has promoted a number of initiatives alongside our Arm’s Length Body, Arts Council England (ACE) to support the arts sector to become more self-funding and financially sustainable. For example, the recent Catalyst Fund supported organisations with a limited track record in fundraising to enable them to attract more private giving, while ACE's Building Resilience programme helped arts and culture organisations build their financial and business resilience.

'Boosting Resilience: Survival Skills for the New Normal' is currently one of four new flagship projects supported by ACE, which aims to enable senior staff from England-based arts and cultural organisations, music education hubs, museums and library services to develop new approaches to making the most of creative assets and intellectual property. In addition, the Arts Impact Fund encourages organisations to consider alternatives to grants for business development. The fund provides repayable finance to arts organisations with ambitions to grow, achieve great artistic quality and have a further positive impact on society.

Reticulating Splines