Arts Council England announces details of Catalyst Arts, part of a scheme to boost philanthropy to the arts
The Catalyst Arts fund will be invested in three different ways:
- £30 million of Lottery funds will be invested in an integrated match-funding and capacity building scheme to increase arts organisations’ ability to fundraise. This fund will offer tailored awards covering a three-year period and will be open to individual organisations or those working together that have some experience of fundraising. This investment is designed to allow organisations to prepare in the first year, and then explore innovative ways of using match-funding to generate and secure new private giving. It is anticipated that the £30 million fund will enable arts organisations to generate around £25 million of new money from private giving by 2015
- £7 million of Lottery funds will be invested in a one-off grant scheme to support arts organisations with less experience to build their fundraising capacity. Awards ranging from £15,000 – £25,000 will provide individual organisations, or those working together, with the tools and skills to begin to raise, or increase, their private income
- a further £3 million of Lottery funds will be invested in making available practical advice on ways to secure new sources of funding. Part of this money will also be used to share the knowledge gained from Catalyst Arts with the wider sector
Further details of the criteria and how to apply to Catalyst Arts will be available in September from Arts Council England.