Britain’s globally renowned arts, culture and heritage industries will receive a world-leading £1.57 billion rescue package to help weather the impact of coronavirus, the Government announced last night.
This is great news for the creative sector, and The MIA welcomes this intervention from the Government. We are particularly pleased about the lifeline this creates for Grassroots Music Venues, and the British live music sector, our own part of the music industry depends on it!
We have been championing and supporting the Music Venue Trust since its’ inception, and here’s their statement following the news…
Thousands of organisations across a range of sectors including the performing arts and theatres, heritage, historic palaces, museums, galleries, live music and independent cinema will be able to access emergency grants and loans.
The money, which represents the biggest ever one-off investment in UK culture, will provide a lifeline to vital cultural and heritage organisations across the country hit hard by the pandemic. It will help them stay afloat while their doors are closed. Funding to restart paused projects will also help support employment, including freelancers working in these sectors.
This new package will be available across the country and ensure the future of these multi billion-pound industries are secured.
Prime Minister Boris Johnson said:
“From iconic theatre and musicals, mesmerising exhibitions at our world-class galleries to gigs performed in local basement venues, the UK’s cultural industry is the beating heart of this country. This money will help safeguard the sector for future generations, ensuring arts groups and venues across the UK can stay afloat and support their staff whilst their doors remain closed and curtains remain down.”
Oliver Dowden, Culture Secretary said:
“Our arts and culture are the soul of our nation. They make our country great and are the lynchpin of our world-beating and fast growing creative industries. I understand the grave challenges the arts face and we must protect and preserve all we can for future generations. Today we are announcing a huge support package of immediate funding to tackle the funding crisis they face. I said we would not let the arts down, and this massive investment shows our level of commitment.”
Rishi Sunak, Chancellor of the Exchequer said:
“Our world-renowned galleries, museums, heritage sites, music venues and independent cinemas are not only critical to keeping our economy thriving, employing more than 700,000 people, they’re the lifeblood of British culture. That’s why we’re giving them the vital cash they need to safeguard their survival, helping to protect jobs and ensuring that they can continue to provide the sights and sounds that Britain is famous for.”
This unprecedented package includes a £1.15 billion support pot for cultural organisations in England delivered through a mix of grants and loans. This will be made up of £270 million of repayable finance and £880 million grants.
The new funding will also mean an extra £188 million for the devolved administrations in Northern Ireland (£33 million), Scotland (£97 million) and Wales (£59 million).
Music Venue Trust warmly welcomes this unprecedented intervention into Britain’s world class live music scene. We’d like to thank the Secretary of State and the team at DCMS for the opportunity to work closely together throughout this crisis to develop genuine solutions to the challenges faced by grassroots music venues. This fund provides the opportunity to stabilise and protect our vibrant and vital network of venues and gives us the time we need to create a plan to Reopen Every Venue Safely.
On behalf of every grassroots music venue in the UK we would like to take this opportunity to thank every music fan, every artist, every activist, and every one of you, our people, who got this done.
‘Without people, you’re nothing’ – Joe Strummer.
We have you, and that’s everything. Thank you.