In March, the Government implemented an unprecedented package to support businesses, charitable organisations, workers and the self-employed through the Coronavirus crisis. The Coronavirus Job Retention Scheme, Self-Employed Income Support Scheme, Coronavirus Business Interruption Loan Scheme (CBILS) and business rates relief in particular are providing support to organisations across the arts sector. CBILS for example, has made it easier for SMEs with a turnover of up to £45 million to access vital financial support during these difficult times.
The extension of the Coronavirus Job Retention Scheme was announced in May, which was extended to the end of July, with more flexibility being introduced from August to October.
On 5 July, DCMS announced a major £1.57 billion support package for key cultural organisations to help them through the coronavirus pandemic. This funding will provide targeted support to organisations across a range of sectors, including performing arts and theatres, museums and galleries, heritage sites, live music venues and independent cinema.
As a result of these grants and loans, organisations will be more able to resume cultural activity, albeit in a socially distanced way. Each organisation that receives money will know what best they can do to support their workforce and keep job losses to a minimum. We recognise the crucial role that individuals play in making our arts and creative industries world-leading, and DCMS are doing everything we can to aid in the protection of jobs, especially as the sector begins to reopen.