Dormant Account Fund To Sustain New Arts Businesses

A new ground-breaking five-year partnership programme to support small and medium sized arts and cultural organisations to become more sustainable is to be funded through a £500,000 grant from the Dormant Accounts Fund NI.

Dormant Accounts Fund NI, which is being delivered by The National Lottery Community Fund in conjunction with the Department of Finance, is supporting the Voluntary Community and Social Enterprise (VCSE) sector to be more resilient and prepared for the future.

Individual organisations can apply for up to £100,000 from Dormant Accounts Fund NI to help secure their own long-term future, but this is the first larger investment intended to enable collaboration and develop new approaches to sustainability across a significant part of the sector.

The Blueprint programme will provide tailored training and investment, enabling arts organisations to develop financial skills, review their business models, and generate income in new and creative ways.

Arts & Business NI are bringing together independent and public funders to support this Northern Ireland-wide project, which marks a new and creative way of building financial sustainability and a stronger arts sector.
News Image
Martin Bradley MBE, Chair of Arts & Business NI, said: "Arts & Business NI is really delighted to secure the first major strategic initiatives grant from the Dormant Accounts Fund NI. Our ambition to create transformational change and build long-term financial strength in the NI cultural sector, mirrors the aims of the Dormant Accounts Fund NI.

"Blueprint will also see a cohort of public and private funders work together on strategies to create a stronger, healthier arts funding ecology.

"After four years of research and development, Arts & Business NI is excited that, as a result of this multi annual investment from Dormant Accounts Fund, we will now be able to open Blueprint for applications in November this year."

Paul Sweeney, The National Lottery Community Fund's NI Chair, said: "We are delighted to be able to announce this first strategic grant today which will not only help the long-term sustainability of individual arts and cultural organisations, but will contribute towards a more focused approach to income generation for the arts.

"We look forward to seeing the impact of this strategic project in the years to come thanks to funding from Dormant Accounts."

Finance Minister, Conor Murphy, added: "Over recent months I've had the opportunity to visit a number of projects in receipt of Dormant Account funding to see first-hand the positive impact the funding is making.

"Today marks an important milestone for the Dormant Accounts Fund NI with the first strategic grant award. This multi-year funding will provide vital assistance to small and medium sized arts and cultural organisations helping them to develop their skills and income generation ideas to become more sustainable in the long-term."

Related Northern Ireland News Stories
Click here for the latest headlines.

22 October 2021
Over 220,000 Covid Travel Certificates Issued Since Launch Of Scheme
Over 220,000 certificates have been issued to citizens in NI, supporting international travel, since the COVID Certification Service was launched on 02 July. Certificates for people travelling abroad are now being issued digitally via the 'COVIDCert NI' app, via pdf, and in print and without any date restrictions.
18 April 2002
Dodds announces extra help for “most needy" in society
The Minister for Social Development, Nigel Dodds, has announced a further £1.73 million cash injection for the Northern Ireland Social fund. The increase brings the Social Fund, which helps the most needy people in society up to a total to £51 million for the next year.
17 May 2010
Ulster Museum Nominated For Arts Prize
The revamped Ulster Museum has been nominated for the UK's largest single arts prize. The shortlist for the £100,000 Art Fund Prize 2010 incorporates a wide range of museums that have seen major redevelopments over the past year.
20 April 2010
Crescent Arts Centre Restoration Complete
The newly refurbished Crescent Arts Centre in Belfast has been re-opened, following an 18-month restoration project. The £7.2m scheme involved a refurbishment and restoration, which has preserved the exterior façade of the Grade II listed building. The refurbished centre includes an extension that increases the accommodation by approximately 900m2.
28 March 2011
Church To Become Community Arts Centre
The organistaion that owns a derelict 150-year-old church in Duncairn, has been awarded £1m to help with vital restoration work. 174 Trust were awarded the funding by the Heritage Lottery Fund to transform Duncairn Presbyterian Church into a community arts centre.