Income

Theatres and other arts buildings will be eligible for the fund, though the interest rates and term length of loans could deter many.

Just months after Liverpool Everyman was forced to drop out of Arts Council England’s National Portfolio, more core funded organisations are reported as facing major risks.

ACAVA’s new Chief Executive expressed regret about causing distress to studio holders, linking the hike to a “critical cash flow crisis” that had brought the organisation to the edge of “almost certain bankruptcy”.

In real terms, institutions sponsored by DCMS have increased their income by over a quarter in the past decade, despite a 19% reduction in direct funding.

New research finds 80% of creative businesses expect to grow in the next three years, but urges further support from the Government to ensure barriers such as Brexit and a lack of funding can be overcome.

A major new report finds evidence that sectors like the arts trap young people “in cycles of unpaid internships without significant benefits to their career”.