To ask the Secretary of State for Digital, Culture, Media and Sport, how many of the successful applicants in Phase 1 of the Cultural Recovery Fund are awaiting the receipt of funds; and how much funding remains to be paid.
5 July 2021
The attached table provides figures addressing the questions asked.
Payments through the Culture Recovery Fund (CRF) are typically made in multiple tranches. Final payment is typically made at the very end of the grant period, once activities and costs have been reported.
In both rounds of the CRF revenue grants programme, DCMS has been able to give recipients the flexibility to extend the grant period. For CRF1 awardees, they have been able to extend until 30 June 2021, and for CRF2 awardees until 31 December 2021.
As such, a significant number of CRF 1 awardees have only very recently concluded the grant period, and many CRF 2 awardees have not concluded the grant period yet.
Accordingly, final payment requests are still outstanding from both CRF1 and CRF 2 recipients. Only when final payment requests have been made will DCMS Arms Length Bodies make final payments.
In addition, payment schedules can be impacted by a number of factors, such as the provision of bank details and activity reports from applicants, as well as assurance processes undertaken by distributing arms-length bodies, in order to ensure best use of tax-payers’ money.
As the numbers show, over 83% of all awarded CRF funding has been paid.
Figures include revenue grants, capital grants, and loans from within the Culture Recovery Fund.