U.K. Arts Sector to Receive $2 Billion Rescue Package from Government

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U.K. Arts Sector to Receive $2 Billion Rescue Package from Government
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The British government has unveiled a $1.96 billion lifeline for the country's beleaguered arts and culture sector, including theaters and independent cinemas

The British government has unveiled a £1.57 billion lifeline for the country's beleaguered arts and culture sector, including theaters and independent cinemas.

The new deal includes £880 million in grants for the financial year to April 2021, a package that will be shared between theaters, music venues, heritage sites, museums, galleries and independent cinemas. The government is also offering £270 million in repayable loans. Decision on how the money is distributed will be made with the support of bodies such as the British Film Institute.

"This money will help safeguard the sector for future generations, ensuring arts groups and venues across the UK can stay afloat and support their staff whilst their doors remain closed and curtains remain down."

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