Culture: Finance

The Creative Foundations Fund (CFF) will support arts and cultural organisations across England to resolve urgent issues with their estates. An important part of this government’s growth mission, this fund aims to strengthen the long-term economic viability of the creative and cultural industries.

This is part of this government’s ongoing commitment to ensure arts and culture are fit for the future and to ensure everyone has access to high quality institutions in the places they call home. The fund will support organisations to continue delivering creative or cultural activity, support growth and increase opportunities to develop creative skills and engage in high-quality creative work.

We have worked with the sector to understand the variety of capital needs it is facing. Through this assessment we know there is a significant urgent need for organisations at risk of closure if urgent capital works are not completed. This fund will offer vital support to prevent the closure of operating cultural spaces and the potential irrevocable loss this would have to local communities and economies. However, property purchases have been excluded from the CFF. Full eligibility details in the guidance can be found on ACE’s website.

Looking ahead, we know that the cultural sector continues to have significant capital needs. This is why the recent Spending Review committed to significant capital spend that will support cultural institutions in towns and cities across the country. Individual programme decisions will be determined in due course and made public in the usual way.