The Arts Council of Wales has issued an update on the proposed timetable for its forthcoming Investment Review.
Commenting today, Michael Elliott, Arts Council of Wales interim Chief Executive said:
“The investment review, originally intended for 2020, was delayed by the global pandemic, and the impact of Covid-19 is still widely felt. These events have changed our perspective in so many ways, including how the arts in Wales should be funded in future. We also want to actively contribute to the ongoing transformation of society, including the addressing of crucial issues such as racism, ableism, inequity and poverty.
“Our public consultation in 2021 led to a rich and constructive conversation with the arts sector and provided us with a firm foundation for developing our thinking on our forthcoming Investment Review. A workshop held by the Council a few days ago reflected on those conversations and further developed our thinking.
“Following the Council’s discussion, Arts Council staff are currently finalising proposals for consideration by the Art Council’s Council of Trustees at its July meeting which will embrace new approaches to flexible multi-year funding arrangements
“In late July, we will launch a further 12-week public consultation on those proposals, which will include a series of discussion forums, meetings and learning sessions so that our ideas can be properly explained and discussed with the arts sector and beyond.
“Council will finalise its approach to the investment review at its meeting in November – following which it will be shared publicly. The application period will then open in early 2023 and the new funding agreements will be in place from April 2024.”
Further information will be made available in late July at the start of the public consultation on the Council’s Investment Review proposals.
END 29 June 2022