£55m Capital Kickstart Fund announced

Arts Council England (ACE) has announced a new £55m fund for capital projects.

Only existing ACE capital grant holders that can prove a capital funding shortfall "due to Covid-19 related increased costs, fundraising underperformance and/or an extended completion date" are eligible.

They must also show that the funding is urgently needed to deliver the project they initially received funding for.

"There is no upper limit for applications, but we expect the amount requested to be proportionate to – and not in excess of – the capital grant previously offered," ACE guidance says.

The fund opens for applications on Monday 24 August.

Decisions are expected to be made by the end of November.