Funding news - 19/05/2017

Culture and Business Fund Scotland Opens for Applications

Arts and Business Scotland’s new fund supports greater partnership working between business, arts and heritage organisations by match funding private sector sponsorship of arts and heritage pound for pound.

The new Culture and Business Fund Scotland promotes collaboration between Scottish businesses and arts or heritage organisations to deliver new arts and heritage projects.

The new fund which replaces the New Arts Sponsorship Grant programme incorporates a new dedicated heritage strand. It also offers projects that have already received grant support in a previous year the opportunity to benefit from second and third year sponsorship.

The fund is intended to encourage greater partnership working between business, arts and heritage by match funding private sector sponsorship of arts and heritage activities pound for pound.

The Fund aims to:

  • Encourage businesses to sponsor arts and heritage activity within Scotland for the first time.
  • Entice back businesses that have not sponsored the arts or heritage in Scotland within the previous two years.
  • Support arts and heritage organisations to build new business sector partnerships.
  • Attract non-Scottish based companies to sponsor arts and heritage activities in Scotland.
  • Encourage businesses to sponsor arts and heritage activity within Scotland with a two and three year commitment.

If an arts or heritage organisation can attract an eligible business to sponsor an aspect of their work, the Fund will match that sponsorship, pound for pound. Both in-kind and cash sponsorship are eligible, but must come from the sponsor’s own funds, goods or services. Projects can receive grant funding of between £1,000 and £40,000, matched by business sponsorship to the same value.

An arts or heritage organisation can apply for match funding up to the value of £40,000 in any one financial year (running from 1 April to 31 March). Applicants can apply for more than one grant in the year with the same or a different business sponsor, providing the total sum awarded is £40,000 or under.

Organisations have between three months and nine months to submit their application before the sponsored and proposed match-funded activity begins. However, fast-track applications for match funding of between £1,000 and £3,000 may be submitted and considered two months before the start date of sponsored and match-funded activities.

The Scottish Government is providing the funding through Creative Scotland and Historic Environment Scotland and Arts & Business Scotland is administering the funding programme. During the first year of the fund the Scottish Government is allocating £300,000 through Creative Scotland and another £36,000 through Historic Environment Scotland to go towards developing and raising awareness of the fund within the heritage sector.

Although the fund is open and accepting applications, the website for online submissions is not yet live. Until it is live applicants should complete and submit an application form along with the relevant supporting documents which can be found on the Arts and Business Scotland website.

Source: Arts & Business Scotland, 19/05/2017