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Dateline:
29th June, 2011
ACE Announces £40m to Encourage
Private Giving
Arts Council England has announced further details of a £40 million
fund, Catalyst Arts, to help build the long-term resilience of arts
organisations by increasing their fundraising potential.
It is part of the £80 million scheme to boost philanthropy to
the arts announced last December by the Department for Culture, Media
and Sport (DCMS) and Arts Council England.
The Catalyst Arts fund will be invested in three different ways:
- £30 million of Lottery funds will be invested in an integrated
match-funding and capacity building scheme to increase arts organisations’
ability to fundraise. This fund will offer tailored awards that cover
a three-year period. It will be open to individual organisations,
or organisations working together, who have some experience of fundraising.
This investment is designed to allow organisations to develop their
ideas and capability in the first year, and then explore innovative
ways of using match-funding to generate and secure new private giving.
It is anticipated that the £30 million fund will enable arts
organisations to generate around £25 million of new money from
private giving by 2015.
- £7 million of Lottery funds will be invested in a one-off
grant scheme to support arts organisations with less experience to
build their fundraising capacity. Awards ranging from £15,000
- £25,000 will provide individual organisations, or organisations
working together, with the tools and skills needed to begin to raise,
or increase their private income.
- A further £3 million of Lottery funds will be invested in
making available practical advice on how to secure new sources of
funding. Part of this money will also be used to share the knowledge
gained from Catalyst Arts with the wider sector.
Further details, including how to apply to Catalyst Arts, will be announced
in September.
Alan Davey, ACE's Chief Executive, commented, "In the same way
that the Arts Council wants organisations to have the support and space
to take artistic risks and be creative, we believe this fund will allow
them to do the same with private giving; enabling them to build their
skills and test new fundraising ideas, then share that knowledge with
the wider sector."
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