UK arts rescue fund has paid out just over half of money allocated

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Government has so far budgeted for £830m in Covid grants and loans but only £495m has been distributed

A government fund established to prop up the arts and heritage sectors during the coronavirus pandemic has handed over little more than half of the money it has allocated, Whitehall’s spending watchdog has discovered.

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The National Audit Office said the culture recovery fund had budgeted for £830m in grants and loans funding so far, but only £495m had been paid out.

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