Arts Council England announces more funding cuts in 2014
Arts organisations in England are to face a further 1.17% cut to their funding in 2014/15 following reductions in the culture budget announced as part of the Autumn Statement.
Arts Council England has announced that, having received a 1.17% cut to its budget in 2014/15 and a 1.13% cut in 2015/16, it will pass on the first of these cuts to its funded organisations. However, it has vowed to maintain funding levels - already reduced by the government following the June spending review - in 2015/16.
Chief executive Alan Davey said: “In the Autumn Statement on December 5, the Chancellor announced that there would be further budget reductions in 2014/15 and 2015/16 for all unprotected government departments, including the Department for Culture, Media and Sport.
“The reduction to DCMS budgets has been passed on to the arts council as a cut to our grant in aid of 1.17% in 2014/15 and 1.13% in 2015/16. This reduction for 2015/16 is further to the 5% received in the June spending review.
"The majority of the grant in aid money we receive is invested in the national portfolio and major partner museums, so in 2014/15 we will pass these cuts onto the organisations we fund. In 2015/16, we will look to protect the budget for funded organisations and will instead reduce our strategic budgets – the investments we make to support the wider development of arts organisations and audiences across the country."
Davey added: “We know that these additional cuts will put added financial pressure on the sector at a time when local authority spending is also causing considerable challenges for arts and culture organisations.
“We will continue to work with the sector through these difficult economic times and to focus on creating the best possible environment for an innovative and resilient arts landscape across England."