Naman Ramachandran The U.K. government is disbursing £400 million ($553 million) to 2,700 organizations affected by the Coronavirus crisis.The distribution is part of the £1.57 billion Culture Recovery Fund that was announced last year to support the country’s beleaguered arts sector.
With this disbursement, the Culture Recovery Fund has so far allocated more than £1.2 billion across over 5,000 individual cultural and heritage organizations and sites.Beneficiaries of this round include Liverpool’s iconic Cavern Club where The Beatles came to prominence, which has been supported with £785,000 over two rounds.
It was closed across several U.K. lockdowns and was losing £30,000 a week since March 2020. Over £170 million in repayable finance.
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