All major partner funding to be cut by 3%
ACE confirms details of £11.6m Renaissance cut
Arts Council England (ACE) today confirmed that Renaissance funding to major partner museums will be cut by 1% in 2013/14 and 2% in 2014/15.
In a letter to affected museums, chief executive Alan Davey wrote: “Although these cuts are relatively small, we recognise that even a modest reduction in our funding can be challenging to organisations in the current economic climate.
“This approach does not set a precedent for our approach to our next full investment process.”
At the end of last year ACE was informed by the Department for Culture, Media and Sport that the reduction to budgets announced in the autumn statement would result in a cut to ACE’s grant-in-aid of £3.9m in 2013/14 and £7.7m in 2014/15, 1% and 2% respectively.
In a letter to affected museums, chief executive Alan Davey wrote: “Although these cuts are relatively small, we recognise that even a modest reduction in our funding can be challenging to organisations in the current economic climate.
“This approach does not set a precedent for our approach to our next full investment process.”
At the end of last year ACE was informed by the Department for Culture, Media and Sport that the reduction to budgets announced in the autumn statement would result in a cut to ACE’s grant-in-aid of £3.9m in 2013/14 and £7.7m in 2014/15, 1% and 2% respectively.