News and Events
ACE budget cut by almost a third
20th Oct 2010
Culture secretary Jeremy Hunt has asked ACE that total funding for regularly funded organisations is not cut by more than 15% over the spending review period.
ACE chief executive Alan Davey said the cut “will inevitably have a significant impact on the cultural life of the country”.
He added: “The Secretary of State has asked us to try to ensure that funding for arts organisations is not cut by more than 15% over the next four years - the tipping point that we identified to the chancellor some months ago.
“Council had already indicated they will seek to minimise the effect of any cuts to the portfolio of arts organisations we regularly fund and will consider the overall position when it meets on October 25. We will now be analysing the details of the settlement and the consequences for the arts in this country as a whole.”
ACE’s current government grant is £449.5 million, of which the lion’s share (about £350 million) goes to ACE’s 850 regularly funded organisations.
ACE plans to tell its RFOs their funding settlements for 2011/2 by the end of this month, and will decide their settlements for 2012/5 by April next year. Over the summer, the arts council told its RFOs to model for 10% cuts in the next financial year.
Earlier this year, all RFOs took a 0.5% in-year cut in their funding, with the exception of Creativity Culture and Education and Arts & Business, which each took a 4% cut.
Source: The Stage
