News – Art loans for Wales

The Arts Council of Wales? (ACW) 21 year-old easy payment scheme for Welsh art, has been extended and renamed the Principality Collectorplan, following a preferential loan from the Principality Building Society to ACW, that will enable the scheme to double in size to more than £1m.
The scheme will offer interest-free loans of between £50 and £2,000 towards the cost of buying original paintings, sculpture, jewellery and crafts from 79 Welsh galleries. The Welsh Assembly Government has guaranteed the loan for a period of three years to enable to scheme to be expanded. ACW Chairman, Geraint Talfan Davies, said: ?In recent years the demand for Collectorplan loans in galleries across Wales has outstripped our capacity to fund it. The effective doubling of the fund available will take Welsh art into even more homes…?