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We asked the Department whether in retrospect it had struck the right balance between applying...
Conclusion
We asked the Department whether in retrospect it had struck the right balance between applying due diligence and how quickly funding reached organisations. The Department and ACE assured us that they were not aware of any organisation that had fallen into difficulty because of the timing of the receipt of an award.32 ACE told us that at the start of the pandemic it had made an emergency response fund of up to £160 million available to organisations from April onwards as a stopgap to manage, for example, cashflow challenges. It believed this funding gave the sector some time before the Culture Recovery Fund came along.33
Source
Committee
Public Accounts Committee
Inquiry
COVID-19: Culture Recovery Fund
Report
Eighth Report - COVID 19: Culture Recovery Fund
23 Jun 2021
HC 340
Addressee Bodies
HM Treasury
Timeline
Recommendation age
4.9 yrs
Report published
23 Jun 2021