15 weeks after the UK lockdown thrown the creative arts industry in near total collapse, the UK Government have finally announces some extra support for the creative sectors.
It’s been widely reported that without some sort of financial support package, 70% of arts organisations would fall by the end of the year. Very well regarded organisations including the Globe, The Royal Albert Hall and more have claimed that could include them.
Already we’ve seen the fall of the Leicester Haymarket and the Nuffield Theatre Southampton. This is on top of organisations like the National Theatre, Birmingham Hippodrome, The Royal Exchange Manchester, the Theatre Royal Plymouth and even the industry publication The Stage.
To try and combat further losses, today the Government announces a £1.5bn investment programme in the arts and culture which is open to the creative arts, museums, music venues and independent cinemas.
The investment fund is formed of £880m, of grants that will be awarded until April next year and £270m of repayable loans.
So much has already been lost due to this crisis and while the investment package announced today is welcome, it has come too late for some organisations and that is a deep shame on the world leading arts industry in the UK.
It also remains to be seen that with this package so many institutions, including historic palaces whether it will be enough to stop a cultural crisis in the UK.
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