Naman Ramachandran The U.K. government has revealed how its planned £1.57 billion ($1.9 billion) Cultural Recovery Fund will be disbursed across arts sectors.Of the total amount, the government has currently released £880 million ($1.14 billion), which has been split into two funding rounds.
The first round of £622 million ($805.3 million) will be distributed immediately, while the remaining £258 million ($334 million) will be reserved for a second round of funding later in the financial year to meet the developing needs of organizations.In the first funding round, Arts Council England will oversee £500 million ($647.3 million) to support theaters, music and comedy venues and museums.
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