UK Chancellor Rishi Sunak unveils 1.57 billion pounds arts, culture COVID-19 rescue package

UK Chancellor of the Exchequer Rishi Sunak has unveiled a 1.57-billion pounds rescue package of emergency grants and cheap loans for arts, culture and heritage industries to help them weather the impact of coronavirus lockdown.Thousands of organisations across a range of sectors including the performing arts and theatres, heritage, historic palaces, museums, galleries, live music and independent cinema will be able to access the funding boost put in place on Sunday night.“Our world-renowned galleries, museums, heritage sites, music venues and independent cinemas are not only critical to keeping our economy thriving, employing more than 700,000 people, they’re the lifeblood of British culture,” said Sunak.“That’s why we’re giving them the vital cash they need to safeguard their survival, helping to protect jobs and ensuring that they can continue to provide the sights and sounds that Britain is famous for,” he said.The Indian-origin finance minister indicated that many of Britain’s cultural and heritage institutions have already received financial assistance to see them through the pandemic including loans, business rate holidays and participation in the Coronavirus Job Retention
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