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Per the FT: "Rishi Sunak, the chancellor, has....>

UK
UK: Per the FT: "Rishi Sunak, the chancellor, has thrown a GBP1.5bn lifeline to
Britain's struggling theatres, music venues and museums, as he prepares to set
out plans to avert a Covid-19 unemployment crisis. Mr Sunak accepted the
argument made by Britain's artistic leaders that the need for social distancing
for the foreseeable future could devastate the cultural life of the country. The
settlement, secured by culture secretary Oliver Dowden after weeks of detailed
study of the problems facing the arts sector, includes GBP880m of grants for the
financial year to April 2021. The money, to be shared out between theatres,
music venues, heritage sites, museums, galleries and independent cinemas, will
be supplemented by GBP270m of repayable loans. In addition, Mr Dowden will
announce on Monday GBP100m of targeted support for national cultural
institutions in England and GBP120m to restart construction work at cultural
sites."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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