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Dateline: 4th January, 2008
ACE Annual Report 2007 Arts Council England has published its annual report for the year 2006 - 2007. It shows an income for the year of £589,973,000 and total expenditure was £602,321,000. Expenditure was spent as follows:
There are around 1,100 RFOs of which about 50% have been funded for ten years. The other half of the RFOs joined mainly in the last five years and reflect ACE's commitment to supporting excellence, emerging artforms, Black and minority ethnic-led venues and newly built arts venues in regeneration arts such as The Sage, Gateshead. These regularly funded organizations received £48 million in 2006/07, or 15 per cent of the total regularly funded organisations spend. Grants for the Arts (4,334 grants totalling £84.6m) come from the Lottery and are given to organisations and individuals on an individual application basis, often called "project funding". Managed funds allow ACE to "identify new opportunities for the arts, take new initiatives, establish new partnerships and address particular ambitions for growth. These funds are not normally open to application. Managed funds expenditure for 2006/07 was £29.6 million. Managed funds are used for development projects, including time-limited one-off events such as the arts debate, the first public consultation exercise."
Please note that all three Archive indices are very long and will therefore take some time to download.
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