Cultural Investment Fund revived with £128m pot

DCMS is reopening the Cultural Investment Fund with £128m available across three funding streams.

This latest round is made up of a £30.8m Cultural Development Fund, £20.5m Libraries Improvement Fund and a £60.3m Museum Estate and Development Fund.

It follows a previous round in March, when 63 organisations shared £48.1m.

First launched in 2019, the fund aims to improve accessibility of the arts and safeguard the future of locally-led cultural projects, museums and public libraries in England.

DCMS says support will be targeted to areas which have historically lower levels of cultural investment.

Organisations are now being encouraged to submit expressions of interest for the appropriate strand at Arts Council England’s website.