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1227034

registered interest
date	21/07/2020
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Culture: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Digital, Culture, Media and Sport, what steps he has taken to underwrite the £270 million of repayable finance in his funding package for arts and cultural organisations in England; and what the repayment timeframe is for those loans.
tabling member constituency	Liverpool, West Derby
tabling member printed	Ian Byrne
uin	77841
answer	answer is ministerial correction date of answer 07/09/2020 answer text <p>The Repayable Finance Scheme is intended to assist larger organisations who need more than £3m, and that have a history of financial resilience. Thorough financial checks will be conducted prior to awards being granted, and recipients will need to demonstrate financial viability as a result of receiving the award. This support package represents the most cost effective way of preventing key cultural and heritage organisations from insolvency, and the repayable finance option will ensure a return to the taxpayer on their investment.</p><p>Loans will be available on generous terms including a payment term of up to 20 years, an initial repayment holiday of up to four years and a 2% interest rate per annum. Further details are available in the guidance published by Arts Council England.</p><p><strong> </strong></p> answering member constituency Gosport answering member printed Caroline Dinenage question first answered 07/09/2020 13:55:11 answering member 4008 label Biography information for Dame Caroline Dinenage
tabling member	4831 label Biography information for Ian Byrne

1125304

registered interest
date	08/05/2019
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Culture: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Digital, Culture, Media and Sport, what steps the Government is taking to (a) protect and (b) increase funding for arts and culture outside London.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	251910
answer	answer is ministerial correction date of answer 13/05/2019 answer text <p>We are committed to promoting the Arts and culture outside London, and continue to work closely with the Arts Council to ensure that the whole of the country has access to funding for arts and cultural programmes.</p><p> </p><p>Last year 70% of Arts Council's <ins class="ministerial">lottery</ins><del class="ministerial">total</del> funding was awarded outside London. Between 2018 and 2022 an additional £170 million of National Portfolio Organisation funding will be invested outside London.</p><p> </p><p>In addition, the recent Cultural Development Fund has seen £20 million of funding shared between five towns and cities outside of the capital, while programmes such as Creative People and Places and the City of Culture programme continue to focus outside of the capital.</p><p> </p><p>DCMS has also recently announced an additional £4 million of funding for the DCMS/Wolfson Museums and Galleries Improvement Fund. In 2019/20, 35 museums and galleries will benefit from this funding which aims to improve audience experience. Over 80% of regional museums outside London will receive money from this Fund.</p> answering member constituency Northampton North answering member printed Michael Ellis question first answered 13/05/2019 11:01:57 question first ministerially corrected 14/05/2019 10:50:06 answering member 4116 label Biography information for Sir Michael Ellis previous answer version 117364 answering member constituency Northampton North answering member printed Michael Ellis answering member 4116 label Biography information for Sir Michael Ellis
tabling member	308 label Biography information for Mr Jim Cunningham