Share this

The U.K. government is adding a further $40 million (£30 million) worth of funding to the Culture Recovery Fund. The development was made to assist organizations that may struggle due to the restrictions the Omicron variant is set to bring to the country. 

The fund, which once stood at $40 million (£30 million), has been doubled to $80 million (£60 million) to support businesses in anticipation of potential closures amidst the festive period.

The increased amount was announced as part of Chancellor Of The Exchequer, Rishi Sunak’s, $1.3 billion (£1 billion) support package for U.K. businesses. $2 million (£1.5 million) of government funding will also be distributed through Arts Council England to support freelancers in the arts affected by the pandemic. 

Theater chains in particular are having a difficult period with many productions halting due to positive COVID-19 cases among the cast and crew, including Cabaret starring Eddie Redmayne. 

The U.K. as a whole recorded a record 119,789 cases for the 24 hours up to 9 am (GMT) on Thursday 23rd December. Wednesday is noted as the first time the UK recorded more than 100,000 Covid cases. 

Key quote

Rishi Sunak said on the development of the fund: “Our arts, culture and heritage sectors bring joy and enrichment to our day-to-day lives, and rarely more so than at Christmas. So we understand how devastating the uncertainty caused by Omicron has been.”

“This new funding, alongside the new grants of up to £6,000 we announced earlier this week, will support the sector as we together face this difficult time.”

“We’ve supported the cultural sector throughout the pandemic, and we’ll continue to do so.” 


The extra monies, out of the $2.7 billion (£2 billion) Cultural Recovery Fund pot is set to support museums, cinemas, theaters and heritage organizations, perhaps indicating restrictions may hit the U.K. that will further hinder indoor gatherings and events. 

The U.K. government’s total £400 billion COVID-19 support package is said to be continuing aiding businesses until Spring of 2022 but will consider extending depending on the circumstances surrounding the development of the virus.

Sir Nicholas Serota, Chair of Arts Council England, added, “We are once again grateful to government for their support and investment which continues on an unprecedented scale to meet the challenges facing our arts and cultural organisations and creative freelancers.”

“We will work closely with the government to deliver funding at pace and will continue to support freelancers and cultural organisations to explore all available funding to help navigate these difficult times.”

Source: Forbes

Share this
You May Also Like

Expansion of short-term BTC holders suggests ‘final flush’ of sellers

A recent spike in short-term Bitcoin (BTC) holders could signal a “final…

American Airlines Agrees to Buy 20 Boom Supersonic Jets

American Airlines Group agreed to buy 20 planes from Boom Supersonic, betting…

If Biden Extends Student Loan Relief, Expect These 5 Things

President Joe Biden (Photo by Nathan Howard/Getty Images) Getty Images Here’s what…

We Must Must Build A Lot More Natural Gas Pipelines

NEW YORK, NY – OCTOBER 15: A trader works on the floor…

Celebrities called out for shilling NFTs: Nifty Newsletter, Aug 10–16

In this week’s newsletter, read about how Justin Bieber, along with other…

SkyNano Startup To Convert CO2 Into Solid Carbon: Part 1

The smoke stacks at American Electric Power’s (AEP) Mountaineer coal power plant…

Weak Yen Aids Toyota, Other Big Japanese Companies

TOKYO—The yen’s historic fall is boosting sales and profits at top Japanese…

WWE’s Board Finds Vince McMahon Paid $5 Million to Donald Trump’s Charity

Contributions totaling $5 million to Donald Trump’s charity in 2007 and 2009…