We understand that this results in a small increase in cash terms of approximately £10m per annum for the four years up to 2019/20.
This settlement represents a better than average result for arts and culture compared to other Government departments. Arts and culture is one of the Government’s unprotected areas of spend.
This settlement enables Arts Council to continue investing in our 663 national portfolio arts organisations and our 21 Major Partner Museums at current levels until 2018. In addition the settlement allows for growth resulting from new and previously announced Government commitments to arts and culture.
Further consideration will also be given to a new tax credit to support exhibitions in museums and galleries.
Sir Peter Bazalgette, Chair of Arts Council England said:
“This is an astonishing settlement for arts and culture. The very strong case made by the Arts Council and the sector, supported by DCMS ministers, for the huge benefit arts and culture deliver to our quality of life, our society and our creative economy has been recognised by the Chancellor.
This settlement means we can keep up our efforts to ensure everyone, everywhere in England benefits from Arts Council money. We can continue to invest in children and young people, disadvantaged communities and new talent as well as hundreds of much loved arts and cultural institutions.
We now need to understand the settlement for Local Authorities. Our team across the country will be having place by place conversations. We cannot replace their revenue but we’ll keep investing where Local Authorities keep faith with culture.”
- See more at: http://www.artscouncil.org.uk/news/arts-council-news/arts-council-receives-cash-terms-increase-spending/#sthash.RtlGdQfC.dpuf