The Treasury surprised the British culture world by announcing on Tuesday 26 October ,The country’s most loved museums and galleries will benefit from £850m (€1bn) of post-pandemic funding to shed light on our world-renowned cultural and heritage.,, Its actors had not envisaged such significant support on the eve of the announcement of the government’s budgetary orientation for the next three years. For months, finance chief Rishi Sunak has been expressing his desire to reduce public debt.
The terms of the award have not yet been specified. The Treasury nonetheless indicated that 15 national museums, such as the Victoria and Albert Museum in London or the Tate Liverpool, would benefit from the 355 million euros targeted for them. ” Maintenance “ and for them “redevelopment”,
Regional museums are not forgotten: they will share 90 million euros with libraries to improve their digital facilities. Several specific projects have been cited by the Treasury: 177 million euros for the Natural History Museum’s new research center and 17 million euros to continue the move to the collections of the V&A, British Museum and Science Museum.
A “Professional” Approach to Culture
In July 2020, the government had already budgeted 1.8 billion euros, with one billion disbursed in direct subsidies to cultural organizations: 35 million to independent cinemas, 110 million to heritage, 560 million to television producers or cinema and 320 million in repayable loans. Culture Minister Oliver Dowden urges museums “Take the most business approach to pursue all possibilities to maximize alternative sources of income” Otherwise they will not be able to take advantage of this first recovery scheme.
Finally, last March, Rishi Sunak gave an additional 350 million euros to festivals, performance halls and concerts, and 105 million euros to national museums. For their part, self-employed workers in the cultural sector who have opted for auto-entrepreneur status have been able to benefit from the summer of 2020, with support similar to those given to employees. On the other hand, artists who have built their own business, a position that allows them to greatly reduce their taxes, have received only very limited assistance.
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