Funding for London Borough of Culture 2019

The two winning London Boroughs of Culture (2019 and 2020) will receive a guaranteed fund of £1.35 million. This comprises of £1.25m pledged by City Hall with additional support from the City Bridge Trust of £100,000. In addition, a total of £1,004,000 has been allocated to up to six additional boroughs for individual landmark projects – the Mayor’s Cultural Impact Award. This comprises £904,000 from City Hall and £100,000 from the City Bridge Trust.

The winning boroughs will also be supported to bid for funds that have been agreed by external partners Paul Hamlyn Foundation and Heritage Lottery Fund. The Heritage Lottery Fund and the Paul Hamlyn Foundation will work with the winning boroughs to help them secure further funding for bespoke cultural projects that will help bring real change to local boroughs. Boroughs are expected to provide at least 30% match funding (25% in cash, 5% in kind).

The various income streams for London Borough of Culture, including the amount provided and any strings attached are shown in the table below.

Type of Funding

Forecast Income/ Funding (£'000)

Strings attached

Community Infrastructure Levy

368

 No restrictions within the LBoC programme

External Grants (GLA, NLHF, PHF)

1,893

 No restrictions within the LBoC programme

Sponsorship & Traded Income

450

 £120k from Arts Council England is subject to   restrictions relating to specific arts   programmes - all will be met. No restrictions   within the LBoC programme for other £330k   noted at this stage.

LBWF Funding Original (includes Leader’s Priority Fund)

1,338

 No restrictions within the LBoC programme

LBWF Additional Funding - Cabinet Agreed (Jul-18)

1,350

 No restrictions within the LBoC programme

Funding Grand Total

5,399

 

In-Kind/ Partner Contributions

2,852

N/A

Total Funding

8,251

 

 

The main expenditure heads, with the sums spent as of 01/02/19.

The planned spend under the main expenditure heads are shown in the table below, alongside the sums spent to date.

Expenditure Heads

LBoC Planned Spend Total (£'000)

 

Spend to 1/2/19 (£'000)

% Utilised

Staff

905

 

334

37%

Additional Comms Costs

579

 

199

34%

Events

2,458

 

929

38%

Events - Contingency

344

 

50

15%

Fellowship Funding

550

 

47

9%

Culture Ready Council

30

 

0

0%

Other Project Activity

30

 

0

0%

Other Costs

503

 

203

40%

Staff & Resources - In Kind

1,869

 

419

22%

Events Partners Contribution

982

 

0

 0%

Expenditure Grand Total

8,251

 

2,181

26%

For any further information, please email wfculture@walthamforest.gov.uk