Cultural Development Fund: What you need to know

Lamont Pridmore - Accountants

For areas with low levels of cultural engagement, the £49.4 million Cultural Development Fund aims to boost local growth and productivity.

Venues including museums, galleries and public libraries are set to benefit from up to £128 million of funding to improve accessibility to the arts and protect their futures.

Who has benefited so far?

Those already having benefited from the fund include the Birmingham Museum and Art Gallery, which received £5 million to fund structural work to uphold the building for future generations.

As well as this, Bletchley Park received £468,000 for essential maintenance works to its buildings.

Support for infrastructure plans at museums, developments in local library services and investment in community-focused cultural locations will help local economies and safeguard their legacies for years to come.

Who is eligible?

Over 60 companies in England will receive the funding, focusing predominantly on areas which have had lower levels of cultural investment in the past.

This is targeted on locally led cultural projects, museums, and public libraries, driving economic growth through culture.

Arts Minister Lord Parkinson commented on the support:

“Cultural institutions form the heart of communities across the country, and it is important that we provide them with the support they need.

“This funding will help make culture more accessible to everyone, including people who may not have enjoyed its benefits before, as well as supporting vital maintenance work to secure the future of many venues.”

Is your business eligible for the Cultural Development Fund? Contact us today for expert advice.