Within its first five years, the Creative Land Trust aims to secure 1,000 affordable workspaces for creatives, including rehearsal facilities.
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London Mayor Sadiq Khan has launched a major trust that aims to boost the number of affordable spaces for dance and theatre rehearsals.
Within its first five years, the Creative Land Trust aims to secure 1,000 affordable workspaces for creatives, including rehearsal facilities.
The trust has been set up to tackle the decline of workspaces for artists in the capital due to rising rents.
It will provide funding to allow providers to buy buildings, but will also purchase its own property to be used as permanent workspaces for artists in London.
How is it funded?
The mayor has pledged £4m and Arts Council England has given £2m to launch the trust.
Bloomberg Philanthropies has also provided funding and the trust will work with charitable arts organisation Outset Contemporary Art Fund to secure future funding.
Local authorities, developers, and the creative industries may provide further investment down the line.
The London Mayor Sadiq Khan said:
“This innovative fund will protect London’s artists from the pressure of unstable leases and rising rents and ensure that the next generation of creatives is given the support and space it needs to flourish.
“I’ve been clear that London is open for business and creativity, and protecting our creative sector will help the capital remain a creative and forward-looking city for the future.”
ACE chair Nicholas Serota added: “If the UK is going to maintain its position as a world leader in creative industries, artists need to be able to find long term workspace where they can experiment, innovate, and produce.
“ACE is proud to be working together with the mayor of London, Outset Contemporary Art Fund and Bloomberg to develop an idea that could transform the lives of creative individuals whose presence brings vitality to our cities.”
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HeadlineMayor of London office launching affordable dance and theatre spaces
Short HeadlineLondon Mayor launches affordable arts spaces
Standfirstthe Creative Land Trust aims to secure 1,000 affordable workspaces for creatives, including rehearsal facilities.
London Mayor Sadiq Khan has launched a major trust that aims to boost the number of affordable spaces for dance and theatre rehearsals.
Within its first five years, the Creative Land Trust aims to secure 1,000 affordable workspaces for creatives, including rehearsal facilities.
The trust has been set up to tackle the decline of workspaces for artists in the capital due to rising rents.
It will provide funding to allow providers to buy buildings, but will also purchase its own property to be used as permanent workspaces for artists in London.
How is it funded?
The mayor has pledged £4m and Arts Council England has given £2m to launch the trust.
Bloomberg Philanthropies has also provided funding and the trust will work with charitable arts organisation Outset Contemporary Art Fund to secure future funding.
Local authorities, developers, and the creative industries may provide further investment down the line.
The London Mayor Sadiq Khan said:
“This innovative fund will protect London’s artists from the pressure of unstable leases and rising rents and ensure that the next generation of creatives is given the support and space it needs to flourish.
“I’ve been clear that London is open for business and creativity, and protecting our creative sector will help the capital remain a creative and forward-looking city for the future.”
ACE chair Nicholas Serota added: “If the UK is going to maintain its position as a world leader in creative industries, artists need to be able to find long term workspace where they can experiment, innovate, and produce.
“ACE is proud to be working together with the mayor of London, Outset Contemporary Art Fund and Bloomberg to develop an idea that could transform the lives of creative individuals whose presence brings vitality to our cities.”
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