The Welsh Government announces a new Cultural Recovery Fund

The Welsh Government announces a new Cultural Recovery Fund

In response to the impact of Covid-19, the Welsh Government has announced that it is investing £53 million to help Wales' diverse culture sector.

The Welsh Government is working with the Arts Council of Wales to jointly administer the Cultural Recovery Fund. The funds opened for applications from 17th August and the deadline for applications is 9th of September. Decisions on funding are expected in mid October.

The funds managed by the Arts Council of Wales are for creative and arts organisations that have been affected by Covid‑19 until they can resume activity in 2021 and beyond. The Arts Council for Wales will be managing the funds for:

• theatres, arts centres and concert halls
• art and creative galleries
• organisations providing participatory arts activity
• organisations producing and touring arts activity

Meanwhile, the Welsh Government will be managing funds for:

• local museums, libraries and archive services
• events and festivals
• grass roots music venues
• heritage sites
• independent cinemas
• individual freelance creative professionals

Those receiving support from the Fund will be expected to sign up to the Welsh Government's 'Cultural Contract'. This covers, for example, demonstrating fair work, board and workforce diversity, environmental sustainability, etc.

Verde Corporate Finance are specialists in securing grant funding for businesses. Using an advisor will ensure the application is submitted with the correct financial analysis, business case and supporting information required, and can vastly increase the chances of acceptance, while also reducing the chances of unnecessary delays.

To see if you are eligible, or to discuss making an application, please get in touch with Mike Fenwick by calling 029 2240 3445 or emailing mfenwick@verdecf.com. Alternatively, you can schedule an appointment at a time to suit you, by clicking here

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