Arts charity Ideastap to close in June
Arts charity Ideastap is set to close later this year due to the “unconfirmed future funding of its operations”.
The charity was set up in 2008 by arts philanthropist Peter de Haan, who provided funding for the initiative, which specialises in supporting emerging artists in areas such as film, performing arts, photography and design.
The majority of Ideastap’s funding over the last seven years has come through de Haan’s charitable trust, however it has also received one-off grants, including £250,000 from Arts Council England to launch its Inspires training programme in 2014.
De Haan said that despite trying for the last year to confirm future funding, none had been secured, and the charity had no other option but to close in June.
He added: “It is with great sadness and reluctance that we have reached this decision. What the Ideastap team have achieved over the last seven years has been nothing short of astonishing, and clearly if it’s possible to secure funding we would love nothing more than to continue this work.”
IdeasTap has awarded more than £2.3 million in direct funding since it was set up and its membership currently totals more than 190,000 people.
Since 2008, the charity has collaborated with the British Film Institute, the National Youth Theatre and Sky, as well as offering its annual Underbelly award, which provides Edinburgh Fringe runs for a number of productions.
In a statement announcing its intended closure, the charity confirmed that a number of commitments, including showcasing four companies at this year’s Edinburgh Festival Fringe, would continue until the end of the year.