British Council ‘at risk of disappearing’ over government Covid loan
The British Council is in danger of disappearing within a decade due to ongoing financial challenges, the organisation’s chief exe…
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LAMDA ‘never been stronger’ financially, says principal
The principal and chief executive of the London Academy of Music and Dramatic Art (LAMDA), Mark O’Thomas, says the drama school…
Paisley Museum redevelopment costs increase by a quarter
Renfrewshire Council has added £12.5m to its budget for the redevelopment of Paisley Museum, taking the total to more than £65m….
DCMS expects to lose over £25m in Covid loan repayments
The Department for Culture, Media and Sport (DCMS) will not recover between £24.9m and £28.7m in repayments from Covid-era suppo…
Music’s contribution to UK economy hit record high last year
The music industry contributed a record £7.6bn to the UK economy in 2023, according to figures from UK Music. The music body’s…
ACE launches peer network for treasurers
Arts Council England has announced the launch of the Treasurer Peer Network as part of its Transforming Governance programme. The…
Growth opportunity for creative industries from venture capital, study finds
There are “exciting opportunities” for increased investment in creative sectors through venture capital and other forms of growth…
ACE monitoring arts centre after performers go unpaid
Halifax's Square Chapel is the second Arts At The Mill organisation to have its Arts Council England funding paused in th…
The search for new funding and business models
There has been a lot of talk about the future of UK arts funding over the summer. Fran Sanderson has been assessing various fundin…
Shakespeare Birthplace Trust receives £1m donation
Shakespeare Birthplace Trust has been gifted £1m from American playwright Ken Ludwig, the largest private donation in the tr…
Cultural tax reliefs pay out record £240m
Government figures show a more than three-fold increase on the £75m paid out to theatres, orchestras and museums in 2021/22.
Business model for small arts organisations ‘close to untenable’
In the last in our series of articles investigating the state of arts sector finances, Arts Professional speaks to cultural leader…
Smaller arts organisations facing worst financial struggles
The latest in a series of articles investigating the state of arts sector finances explores how different sized organisations are…
Derby dance company enters liquidation
National Portfolio Organisation Déda has entered voluntary insolvency due to financial issues. The announcement follows research…
BBC spends less on arts as quotas for ‘at risk’ genres dropped
The BBC's latest annual report is the first to be published following changes to its operating licence, which no longer stipul…
A fresh blueprint for funding arts organisations
Arts organisations are only too aware of the limitations of short-term funding. But, in Northern Ireland, a pioneering financial p…
ACE acknowledges ‘increased risk’ for NPOs
Arts Council England has offered National Portfolio Organisations the opportunity to cut their activity by 15% to help them deal w…
Glasgow theatre in ‘imminent danger of liquidation’
Glasgow's renowned Citizens Theatre in the Gorbals area of the city is facing a funding shortfall of as much as £8m, cau…
EXCLUSIVE: Arts finances in worst state for five years
The first of a series of articles investigating the state of arts sector finances highlights a huge decline in the financial healt…
Sector finances revelations pose big questions
Following extensive research into the finances of arts organisations, Sarah Thelwall of MyCake reflects on the serious implication…
Contact seeks ‘financial resilience’ after posting £1m deficit
Annual accounts filed by the Manchester theatre show its reserves dwindled to less than a month of operating costs, while Arts Cou…
Campaigners write to regulator over failings at Seven Dials
A campaign group has written an open letter to the Charity Commission expressing “deep anxiety” over the financial man…
A brighter future for entrepreneurs and opportunity-seekers
Now more than ever it’s important to focus on the things that really matter, to free ourselves of distractions and to identi…
Vault Festival closes after funding for new venue falls through
London's Vault Festival of theatre and performance has announced its closure after funding for its new venue fell through.
