The U.K. government has unveiled a £1.57 billion ($1.96 billion) support package for the country’s beleaguered arts sector. U.K. Chancellor Rishi Sunak tweeted news of the package on Sunday evening…
said, “This money will help safeguard the sector for future generations, ensuring arts groups and venues across the U.K. can stay afloat and support their staff whilst their doors remain closed.”
According to a recent report commissioned by the Creative Industries Federation, the pandemic is projected to cost the theater sector around £3 billion in revenue, with up to 70% of jobs lost. “Venues, producers and the huge workforce in the theater sector look forward to clarity of how these funds will be allocated and invested, so that artists and organizations can get back to work as soon as possible,” said Bird. “Our industry’s united ambition is to be able to play its vital role in the nation’s economic and social recovery and this investment will allow us to do so.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marshall Wace targets $1 billion for new ESG focused fundMarshall Wace is planning to raise $1 billion for a new fund which will invest based on environmental and other ethical criteria, a source familiar with the matter told Reuters.
Read more »
Oklahoma State football coach Mike Gundy's contract reduced by $1 million, one year after internal investigationOklahoma State altered football coach Mike Gundy's contract after an internal review of the program. His deal was reduced by $1 million and one year.
Read more »
How this 23-year-old CEO turned her dorm room side hustle into a business bringing in $1 millionAkilah Releford started her company Mary Louise Cosmetics as a side hustle in her dorm room. Here's how the company's CEO worked up to bringing in $1 million in revenue.
Read more »
Jessie Ware Creates a Private Disco Paradise on 'What's Your Pleasure?'Jessie Ware creates a private disco paradise on ‘What’s Your Pleasure?’ Read our review
Read more »
Pubs and restaurants reopen in England for 'Super Saturday'The move is part of a wider government plan to relaunch the hospitality, tourism and culture sectors and help the UK economy recover from more than three tough months of lockdown.
Read more »
As China Imposes New Hong Kong Law, U.S. And Allies Take Steps To RetaliateThe State Dept. ended the sale of military equipment to Hong Kong and the U.K. said it would offer a pathway to British citizenship for Hong Kongers — the latest flares of retaliation against China over its new national security law.
Read more »