£850m budget boost for museums and galleries
Museums and heritage sites are expected to be given an extra £850m in tomorrow’s budget, with £300m earmarked for the likes of the V&A, Tate Liverpool and IWM Duxford to cover maintenance costs.
“The country’s most cherished museums and galleries will benefit from a £850m post-pandemic funding boost to breathe life back into our world-renowned cultural and heritage hotspots, the Chancellor is expected to announce" a Treasury statement said today.
As part of the three year spending review the money is to be used to develop and refurbish sites, while £125m is for a new scientific research centre in Oxford for the Natural History Museum (pictured) and £14m to upgrade a collections store in West London
There is also to be more than £75m in the £850m for 110 regional museums, such as the National Railway Museum in York, and libraries to improve their buildings and digital facilities.
In the summer of 2020 the Treasury announced a £1.57bn culture recovery fund to help arts and heritage organisations through the lockdown crisis.