A Cultural Investment Participation Scheme offering repayable finance could kickstart the cultural sector’s economy under proposals being drawn up for Government to take a quasi-equity stake in theatres.
Trusts and foundations are preparing to build stronger connections with a changed world and a changed public. Moira Sinclair reflects on this brief window of opportunity for a more equal future – and why the alternative is too grim.
For artists and performers to be supported in the years ahead, de-institutionalisation and the decentralisation of arts funding is a priority. Universal basic income isn’t the whole answer, says Susan Jones.
A tapering extension to pay protection for furloughed employees and Government refusal to acknowledge groups that have fallen through the gaps in its Covid-19 support schemes offer no comfort to the arts.
A chorus of dismay is growing in response to the deepening financial crisis facing many of the artistic and creative workers who form the largest part of the arts sector, and on whom the UK's arts infrastructure depends.
Culture Secretary Oliver Dowden is asking senior representatives across the DCMS portfolio to find “creative ways to get these sectors up and running again”, but there is no talk of a cash injection to secure their future.
Commercial operators reveal eye-watering losses and other non-subsidised organisations sit on the brink of ruin in the absence of financial support from the Government for those ineligible for existing emergency funding streams.
The £90m emergency fund earmarked to support ACE’s National Portfolio Organisations and Creative People and Places consortia is no more than a drop in the ocean against the vast income streams they are losing as a result of the shutdown.
Leading representative bodies have set out their concerns for visual artists, telling the Chancellor of the Exchequer why coronavirus financial support systems are failing to support them and leaving the nation’s cultural life in jeopardy.