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The Cultural Development Fund could signal a new approach for investing in culture and creative industries
Richard Bell

Government launches £20m creative fund to boost productivity

Arts Minister Michael Ellis has announced the launch of a £20m fund for culture, heritage and the creative industries in England as part of the Government’s Industrial Strategy.

Towns and cities will bid for up to £7m from the Cultural Development Fund for schemes that support regeneration, job creation and investment.

Projects could include developments to deliver space for creative companies, breathe new life into historic buildings or redevelop galleries and museums.

The Government said the Cultural Development Fund is a new approach for investing in culture and creative industries; instead of investment going towards a specific venue or artform, it instead goes to a geographical location.

It is hoped the fund will boost productivity in towns and cities throughout England, ultimately making places more attractive to live, work and visit.

The fund is part of the Creative Sector Deal, announced under the Government’s Industrial Strategy earlier this year.

Michael Ellis, Minister for Arts, Heritage and Tourism, commented: “Cultural investment can have a transformative impact on communities.

“Creativity, culture and heritage is what makes places special for local people and visitors alike.

He added: “But it also helps attract inward investment, with businesses drawn to vibrant, exciting towns and cities.”

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