Soaring lottery sales spell more cash for the arts
An extra 拢200 million could go to the sector.
Over 拢200 million more than expected should go to the arts over the next five years because of increased National Lottery ticket sales, Culture Minister has announced.
As he attended the in Salford, Manchester, Mr Vaizey revealed that the latest projections suggest 拢1.25 billion of Lottery funding would go to and about 拢243 million to the between 2012-13 and 2016-17 - a significant increase on October 2010 estimates.
The total funding now expected to go to the Arts Council is 拢2.3 billion over the next four years from grant in aid and projected income from the Lottery.
鈥淚n a time of economic uncertainty, the arts are more important than ever,鈥� the Minister said. 鈥淭he cultural value is immeasurable and we are in no doubt about the contributions that the arts make to our economy, our communities, our schools and our wellbeing.鈥�
had already resulted in increased revenues for arts, sport and heritage, with their shares of available money increasing from 16.6 per cent to 20 per cent from April this year.
The changes combined with increased ticket sales and the end of the transfer of funding for London 2012 could increase the Arts Council鈥檚 funding from the Lottery to more than double the 拢123 million it received in 2010-11.
from the Lottery than originally forecast.聽