Over the period 2012-15, our £234.6 million Capital investment programme will support organisations to develop resilience by giving them the right buildings and equipment to deliver their work, and to become more sustainable and resilient businesses.
Our investment will prioritise the consolidation and improvement of existing arts buildings and equipment rather than investing in significant expansion or new infrastructure.
The large capital programme for grants above £500,000 has a budget of £214.6 million over the next four years. The budget will be managed as a series of rounds with the budget divided as follows:
- 2011/12 - £114.6 million
- 2012/13 - £50 million
- 2013/14 - £50 million
£20 million has been budgeted for small capital grants between £100,000 and £499,999. Details on when the programme will be open for applications will be announced soon.