ACE pays off debts for the select few

From Arts Professional: Major London institutions were given multi-million pound capital grants for which no application process was required.

One-off capital grants worth over £10m have been made to five London-based organisations to use up an under-spend in Arts Council England’s (ACE) capital Grant in Aid budget from the DCMS.

Rather than invite applications for the money, ACE made its decisions on who would benefit by “assessing the National Portfolio’s balance sheets and creating a list of organisations that would be able to use this type of restricted funding in order to support their resilience”.

Potential recipients were shortlisted and “their accounts were then reviewed in detail in order to find the organisations that would benefit most from this funding”.

More here.

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