The Bookseller – News – ACE extends current National Portfolio Investment Programme for an extra year
Arts Council England (ACE) has extended the 2023-6 National Portfolio Investment Programme for an extra year in response to “external challenges” facing the sector.
In a blog post, chief executive Darren Henley said: “We’ve heard the concerns of all people in the sector from board level to volunteers. There are worries about the lasting impact of the pandemic – with audiences unpredictable and with talent leaving. Inflation means higher bills for individuals and organisations. Pressure on our funds creates more competition. And there’s uncertainty about future investment, illustrated most starkly by some recent Local Authority section 114 notices.”
He said ACE had extended the current National Portfolio Investment Programme to the end of March 2027, “to create some thinking time”.
“All those we currently support through these programmes will be able to apply for an extension to their funding. We plan to share more information in spring 2024,” he said.
“We hope this will provide some certainty in an uncertain world and allow organisations to plan, look at new business models and increase collaboration. It will also give the Arts Council more time to build in your feedback to an improved, more accessible application process for the next portfolio.
“We understand some organisations will be disappointed as they’d hoped to apply for the chance to join our National Portfolio sooner. For those organisations we will continue to support your plans and help you develop in other ways for this additional year – read on to find out more about our investment and development programmes, and how we will advocate for our whole sector.”