Theatres Trust

Information which may be helpful for theatres as the theatre sector faces the challenges brought about by the coronavirus.

Arts Council of Wales funding

Arts Council of Wales has announced details of the £7m available to organisations and individuals impacted by the coronavirus.

Stabilisation Fund for Organisations – this will be open to both Arts Portfolio Wales (APW) organisations and organisations outside the Portfolio. For APW organisations the eligibility criteria will depend on whether they can benefit from government support and the level of grant-in-aid funding as a proportion of their overall income. Applications will open on Tuesday 21 April with a deadline of Friday 8 May. Find out more on the Arts Council of Wales website. Note: organisations that are a local authority department are unlikely to be eligible for this funding.

There are also two funding streams open to individuals:

Urgent Response Fund for Individuals will offer grants of up to £2,500. There will be two rounds – round 1 open between Tuesday 14 April and Monday 20 April, round two open between Tuesday 28 April and Wednesday 6 May.

Stabilisation Fund for Individuals will offer grants between £1,000 and £10,000. It will open on Friday 29 May with a deadline of 15 June.

Government support

The government has introduced measures to support the liquidity of businesses during this time, which will be revised and reviewed as the situation develops. Key points include:

Coronavirus Business Interruption Loan Scheme (CBILS) for loans of up to £5m interest free for 12 months

Business rates holiday for all theatres

Grants of up to £5,000 for theatres with a rateable value under £51,000 and up to £10,000 for those eligible for Small Business Rate Relief

Coronavirus Job Retention Scheme – grants to employers for furloughed workers

Income support scheme for the self-employed

VAT payment deferred

Up to two weeks statutory sick pay for self-isolation employees of organisations with less than 250 employees

Further details are available on our website with links to the relevant government documents.

DCMS Committee Inquiry

The DCMS Committee is calling for written evidence for its inquiry, which will look at the short and long-term impact of the coronavirus on the sectors it covers. Theatres Trust will be making a submission, but it is vital that the committee receives evidence from all parts of the theatre sector and it is particularly helpful for there to be a high volume of responses. So we would urge you to make a submission on behalf of your organisation. Please make your submission directly to the committee, but if you are happy to share your response with us in confidence, please email us a copy.

Theatres Trust advice service

Theatres Trust continues to provide free advice about theatre buildings and in particular would encourage anyone with concerns about the resilience of their business model to get in touch with us here