£7.5 million ‘windfall’ for creative arts
Artists and cultural organisations in Scotland are set for a £7.5 million cash ‘windfall’.
Funds will be unlocked thanks to a £20m cash injection for the arts, announced by the Culture Minister Patricia Ferguson last month in the Scottish Parliament.
The funds will be made available from next year to help implement the outcome of the recent Cultural Review.
This constitutes a £7 million – 25 per cent – increase in Executive funding allocated to the Scottish Arts Council’s budget to support artists and arts organisations.
It will enable the Council to offer increased investment in Scotland’s cultural talent and help bring high quality productions to audiences throughout Scotland.
The Minister also announced more money for the development of film in Scotland, with an extra £500, 000 earmarked for Scottish Screen.
Patricia Ferguson said:
‘Last month I outlined ambitious plans for Scotland’s cultural life and promised to invest an additional £20 million to realise our aspirations.
‘I have decided that £7 million should be released to nurture Scotland’s best creative and artistic talent, on top of £500,000 I had already earmarked from my portfolio’s budget for extra support for artists.
‘The Scottish Arts Council and Scottish Screen will now be able to allocate these funds in a way which should provide the bedrock for a strong creative sector.’
From 2007 onwards artists and arts groups throughout Scotland will benefit from £7.5 million from the additional funding to implement the outcome of the Cultural Review.
The additional funding is made up of £7 million from the additional £20 million funding announced as part of the Cultural Review which is available from 2007-08, and £0.5 million available from 2006-07 from the existing Tourism, Culture and Sport budget.
This funding announcement takes the Scottish Arts Council’s budget for 2007-08 for support for artists and arts organisations from £26.5 million in total to £33.5 million. The total Scottish Arts Council budget is higher, as it also includes support for the National Performing Companies (£20.5 million) and the Youth Music Initiative (£10 million).
Source: Scottish Executive