Quantcast
Art News
 George Osborne, Spending Review, National Museums
George Osborne Spending Review: National Museums Spared Large Cuts In Funding - ArtLyst Article image

George Osborne Spending Review: National Museums Spared Large Cuts In Funding

26-11-2015
 
Bookmark and Share

After the ongoing curious spate of museum directors defections from the UK's capital in recent times - it is safe to say that we were all bracing ourselves for big cuts in grant-in-aid; but now it seems that we are relieved to hear the chancellor of the exchequer, George Osborne, has spared our cultural institutions and the Arts Council further damage - at least for the time-being.

Osborne announced yesterday that the Spending Review that the government will, "...help the British Museum, the Science Museum and V&A [Victoria & Albert Museum] move their collections out of storage and on display,” to the tune of £150 million. The Chancellor has therefore confirmed the long-discussed sale of Blythe House, which is a joint store in west London where the three museums store around 2 million objects, it appears that this will now go ahead.

Osborne also stated that the government will find £78 million to fund the Factory Manchester, a Rem Koolhaas-designed arts centre. The chancellor has also agreed to £5 million to help refurbish the Burrell Collection, although the council is responsible for its revenue funding. The director of the Art Fund, Stephen Deuchar, said in a statement to the press that the funding for capital projects and for the Arts Council - which will include increased access to collections currently in storage - was positive news.

Before the announcement of the spending review, national museums were asked by the Department for Culture, Media and Sport to model cuts of 25% to 40%. The announcement represents a cut of only 5% to 7% in real terms, allowing for inflation.


Subscribe to our weekly newsletter

* indicates required

Email Format

View previous campaigns.

Advertise with Artlyst
Artlyst Quiz

TWITTER FEED

ICA
Canvas Bar
Camden Arts Centre
Art Below
Guardian Select
Button Advertise
Top 10 Exhibitions
Top 10 Emerging Exhibitions