No company, whether situated in the arts or not, can survive or function without funding. As part of our assessment we are given £166 by Lincoln Performing Arts Centre along with the money that will be raised through fundraising ventures, however if this was a professional venture it would not be possible to continue without applying for funding from Arts Council England (ACE). If we were going to apply we would do so through the Grants for the Arts Program (G4A) as an arts organisation, that is to say “a single group of people working towards a shared or common goal” (Arts Council, 2017), and would be able to apply for any amount between £1,000 and £100,000.
Our Producer Hannah, who was in charge of the budgeting for the show (Rickards, 2017)
When applying we would need to establish how much money we would need and specify what we were going to use the money for (research and development for example). It is essential that this estimation is accurate because if we were funded too much or too little then we would be unlikely to receive further funding in the future because it appears to the Arts Council that we don’t understand our business model.
Works Cited
Arts Council (2017) Arts Council England. London: Arts Council England. Available from http://www.artscouncil.org.uk/sites/default/files/download-file/Grants_for_the_Arts_How_to_apply15k_and_under_September2016_0.pdf
Rickards, M. (2017) Our Producer Hannah, who was in charge of the budgeting for the show.
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