The Arts Council of Wales has opened its portal for applications to its Investment Review - the process that determines which arts organisations in Wales receive multi-year funding.
The last Investment Review took place in 2015 when a Portfolio of 67 companies were chosen to receive a share of £28.5 million in funding.
In the past, companies received funding for five years, but following a public consultation, a new model with a simplified application process has been adopted. Instead of the traditional five-year funding arrangement, successful applicants will receive three-year funding, with the option of an additional three years based on performance.
The Investment Review will centre on six principles that all funding organisations will need to demonstrate their commitment to when they apply:
• Creativity
• Widening Engagement
• Welsh Language
• Climate justice
• Nurturing talent
• Transformation
The guidance documents – published 12 December 2022 - contain details about how to apply, Frequently-Asked-Questions, and all the key dates. Investment Review 2023 opens for applications on 9 January 2023 and will close on 31 March 2023. The documents can be downloaded from the Art Council’s website and will include Easy Read and BSL formats.
Follow this link to find out more: https://arts.wales/investment-review
END 9 January 2023