Over £500 million has been allocated so far with over 700 recovery grant awards to London (across arts and heritage as of 11 November), totalling over £150 million. This is in addition to government support schemes and funding made available by Arts Council England, including an £18 million ‘Developing Your Creative Practice Fund’ which is open across England.
On 5 November, the Chancellor announced that the Coronavirus Job Retention Scheme will be extended until March 2021. Businesses can continue to apply for government-backed loans, and self-employed individuals can access the Self-Employed Income Support Scheme, which has also been extended until April 2021. The CJRS and SEISS support has been made more generous, with individuals able to receive 80% of their current salary for hours not worked/average trading profits respectively.
We are continuing to meet with creative industries stakeholders - based in London and beyond - to provide support and guidance for the sector during this time.