Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, how much of the £1.57 billion Cultural Recovery Fund has yet to be allocated; to what programmes and projects funding has already been allocated; and when he plans to announce the mechanism for allocating the remaining funding.
As of 11 December, £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 almost 3000 arts and heritage organisations in England;
Over £100million in capital grants;
And over £160million in generous repayable finance to some of our most iconic national institutions
Some capital awards and independent cinema recovery grant awards are still to be allocated - this will happen over the coming weeks.
Additionally, a second round of funding was announced on 11 December, which utilises the remaining Culture Recovery Fund funding. There will be over £300m available in grants delivered by DCMS’ delivery partners, and £100m of repayable finance delivered by Arts Council England specifically.
Further information on this will be available shortly.