In a move similar to the one carried out by the German government a few days ago, the UK is preparing a bailout to help the country's cultural sector survive the effects of the coronavirus pandemic.
The English government is willing to spend 1.57 billion pounds (about 50 billion Mexican pesos), which will be used to keep related businesses open. This includes concert venues, galleries, independent cinemas, theaters, and museums.
The exchange will be divided into loans and grants, which will not need to be paid back, which guarantees that businesses will not be in debt after receiving them.
“Our art and our culture are the soul of the nation. They make our country of excellence and are the hub of our rapidly growing creative industries worldwide. I understand the serious challenges facing the arts today and that is why we must protect and preserve as much as we can for future generations. ” said the British culture secretary, Oliver Dowden.
Prime Minister Boris Johnson also commented on the matter: “From iconic theaters and musicals, from fascinating exhibits in our world-class galleries to basement concerts, the UK culture industry is the heart of this country.
This money will help safeguard the sector for future generations, ensuring that groups and locations across the UK can stay afloat and survive. ”
You can read more about the project, here.
