Government throws £1.57 billion rescue package to UK arts industry

The government has set-aside billions of pounds to rescue the cultural, arts and heritage institutions during the coronavirus pandemic.

After weeks of pleading with the government, Chancellor of the Exchequer, Rishi Sunak has tweeted that it has come up with a £1.57 billion rescue package. This will no doubt be welcomed by the cash-strapped theatres, music venues and museums that have been crying out for support.

The show must go on.

We’re introducing a world-leading £1.57 billion rescue package to help cultural, arts and heritage institutions weather the impact of coronavirus. pic.twitter.com/J3KXUOxJEE

— Rishi Sunak (@RishiSunak) July 5, 2020

Meanwhile, the Financial Times reports that Culture Secretary, Oliver Dowden will announce £100 million support for national cultural institutions in England and a further £120 million to restart construction at cultural sites.

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