Music industry reacts to £1.5 billion government arts bailout: “Finally a light at the end of the tunnel”
a £1.57 billion support package handed to the arts sector by the government yesterday (July 5).The bailout will provide music venues, independent cinemas, museums, galleries, theatres and heritage sites with emergency grants and loans.The money is the biggest one-off investment in UK culture ever, helping companies, venues and institutions to survive the coronavirus pandemic without going out of business.Announcing the new funds, Boris Johnson said: “From iconic theatre and musicals, mesmerising exhibitions at our world-class galleries to gigs performed in local basement venues, the UK’s cultural industry is the beating heart of this country.“This money will help safeguard the sector for future generations, ensuring arts groups and venues