Ahead of tomorrow’s spring Budget announcement (3 March), which will see Chancellor Rishi Sunak outline his pandemic relief plans, Culture Secretary Oliver Dowden has revealed that the UK’s £1.57 billion Cultural Recovery Fund will receive a £300 million boost.
Sunak is expected to allocate £408 million overall to the arts sector, with £90 million going towards England’s museums and cultural spaces. £18.8 million is expected to be given to community cultural projects.
Whilst there are currently no specific details on how the budget will affect the live music sector, Dowden tweeted: “It’s a relief we can look ahead now so this funding is not just about survival, but planning and preparing for reopening of theatres, galleries and gigs”. [sic]
The first round of funding was allocated to cultural organisations in October 2020. Over 1,385 businesses received funding from a £257 million budget. Applications for the second round closed in January 2021.