- Date: 21 June 2012
- Area: Midlands
Birmingham Royal Ballets Elisha Willis as Gertrude Lawrence. Credit: Simon Tomkinson
The Royal Shakespeare Company (RSC), Birmingham Royal Ballet (BRB) ( and the City of Birmingham Symphony Orchestra (CBSO) are among 34 arts and heritage organisations across England set to get a £162 million funding boost after successfully applying for a share of a new £56 million scheme to support endowments.
The 34 successful projects are expected to attract an additional £106 million from private and corporate donors as a result of the scheme.
The RSC, BRB and CBSO will each receive £1 million and will have to match it with £1 million raised philanthropic funding,
The Catalyst: Endowments programme is a joint initiative between the Departure for Culture, Media and Sport (DCMS), Arts Council England and the Heritage Lottery Fund (HLF).
Designed to bring new money into the cultural sector, the programme offers match-funding to help arts and heritage organisations become more sustainable and resilient by building a new endowment fund or developing an existing one, in order to increase their annual income.
The organisations will use the grants of between £500,000 and £5 million to attract money from private philanthropic sources.
Applications were assessed by an independent panel chaired by Michael Portillo, and final awards made by the National Council of Arts Council England and the Board of Trustees of the Heritage Lottery Fund. Many of the successful applicants have already secured pledges from donors, or are in productive discussions with prospective corporate and individual sponsors.
Ros Robins, West Midlands Director, Arts Council England, said: "We are delighted to have been able to make three awards in the West Midlands under our Catalyst Endowments scheme.
"Public funding of the arts in this country is at the heart of their success. It enables organisations to attract private investors, and gives them the confidence to continue to take the bold artistic leaps that keep audiences coming.
"Catalyst Endowments and Catalyst Arts will help support that public investment, increasing the sustainability of our world class arts organisations that bring delight to millions and play such an important part in our national economy."
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