- Date: 29 September 2011
- Region: National
Arts Council England, the Heritage Lottery Fund (HLF) and the Department for Culture, Media and Sport (DCMS) today announced further details of the £100 million Catalyst scheme to boost private giving to the cultural sector and build long-term resilience, sustainability and innovation.
Full guidance for applicants has now been published with the first part of the scheme now open for heritage applications.
Catalyst is designed to enable arts and heritage organisations to diversify their income streams, attract significantly more funding by increasing their fundraising potential and help them to develop and explore innovative new approaches to securing private giving.
The £100 million Catalyst fund will be invested through:
The Arts Council will also invest £3m in a programme of learning and knowledge sharing.
Alan Davey, Chief Executive, Arts Council England said: 'Increasing the amount of private giving to the arts remains a long term ambition but we hope these measures will start a significant shift in both the culture of asking and the culture of giving.
'One of the Arts Councils 10 year goals is to make the arts more sustainable and resilient and increasing the amount organisations attract from private giving is an important part of this. Critically, Catalyst is about attracting new money to the arts, increasing the pool of donors whose generosity continues to make such a vital contribution to our mixed economy funding system.'
Jeremy Hunt, Culture Secretary said: 'Supporting a culture of giving is one of my top priorities. Today's announcement shows that we are making rapid progress, with £100 million now available to help culture and heritage organisations strengthen their fundraising skills and attract significant sums from private sources. I remain incredibly grateful to everyone who gives money to support these vital sectors and look forward to the Catalyst scheme making a huge impact on the financial resilience of organisations across the country.'
You can find full details of the scheme and guidance documents on the dedicated Catalyst website.