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A fundraising event staged by fashion magazine Vogue has raised £2m for London-based arts organisations that saw their support cut by Arts Council England (ACE). 

Promoted as an event to "celebrate a mix of opera, dance, theatre and fashion", Vogue said it will donate 100% of net proceeds from ticket sales to 21 arts and cultural organisations in London in the form of grants. 

Those set to receive the grants include the National Theatre, the Royal Opera House, the Royal Ballet, Southbank Sinfonia and the Rambert Dance Company. The funds can be used for anything related to their core mission and objectives.

The recipients comprise three types of organisations, including larger institutions classed as  ‘Vogue World cultural partners’, which helped to produce the event. Donations will also go to organisations that support freelancers and small companies in London that have recently received funding for the first time or had their funding reduced.

In a press release, Vogue said: “In addition to ticket proceeds, Vogue is working with a number of organisations and donors to increase donations to the fund through individual contributions.”

Vogue Editor Anna Wintour previously said the decision to give proceeds from the event mainly to London-based organisations was a response to arts funding being shifted outside the capital for the 2023-26 National Portfolio after ACE was required to reduce funding for London-based organisations by 15%.

“The arts are under threat in the UK, and Vogue World will be a timely reminder of how important they are, how vital a part of our lives, and how much they need our support,” Wintour said.

“The London art scene is so important economically to the city. So many people come to London as tourists to appreciate the art scenes.”

The 37-minute show, held at the Theatre Royal Drury Lane on Thursday night, was directed by Stephen Daldry and included a host of well-known actors and musicians who paid tribute to the importance of the arts.