Arts Council England (ACE) has confirmed the reforms to its investment processes, proposed in February 2016, will become official policy. Even though there are concerns regarding the funding of this investment overhaul, there also appears to be extensive backing across the arts sector.
The National portfolio organisations will switch from three-year to four-year funding agreements. There will be three new funding bands, and funding for libraries and museums will be integrated within the National Portfolio, Grants for the Arts and Strategic Funding Programmes.
The Grants for the Arts programme will be now be re-named Grants for the Arts and Culture.
ACE will publish guidance for national portfolio applicants and more details about changes to the strategic funds and Grants for the Arts programme in October 2016.
Furter reading: artsprofessional.co.uk