Arts Council England has renamed its grant-giving programmes for the next four-year funding period.
The 2018-22 funding period begins in April with a refreshed roster of national portfolio organisations, and during this time ACE will invest £13 million more per year across its NPO portfolio and its other two main funding streams.
The largest of these, Grants for the Arts, provides funding for individual projects, and has been renamed Arts Council National Lottery Project Grants to reflect its source of funding.
In 2018-22, it will invest £97.3 million per year for artists and arts organisations undertaking individual projects.
Of this amount, £14 million will be reserved annually to support “nationally significant” projects, costing £100,000 and above. This will include some activity previously supported by the Ambition for Excellence and Strategic Touring funds. NPOs will be able to apply for this reserved strand.
What were previously the Arts Council’s strategic funds will be renamed Arts Council Development Funds, to reflect a focus on areas such as diversity, resilience, innovation in business models and leadership development.
During the 2018-22 funding period, this set of funds will receive £72.2 million per year.
ACE’s draft budget for these funds in 2018-22 was £125 million per year, however the Arts Council said “fluctuations” in National Lottery income meant that the amount it receives in money from good causes would be less than originally anticipated.
This includes £37 million across four years for Creative People and Places – targeting areas of low engagement in arts and culture – one round of large capital funding in 2020-21 and an annual small capital funding programme.
Compared with 2015-18, the Arts Council will invest £13 million more per year in 2018-2022, across its NPO portfolio, National Lottery Project Grants and Development Funds.
Several new funds will be announced later this year, the first of which is for individual artists. Called Developing Your Creative Practice, it has been designed for artists to apply for grants of between £2,000 and £10,000 and will open in April.