The fund is made up of two grants:
The Wales Cultural Recovery Fund is jointly administered by the Welsh Government and the Arts Council of Wales. The Arts Council of Wales will allocate £25.5m of revenue funding and £2m of capital to arts organisations. These organisations can be not‑for‑profit and commercial but must be able to demonstrate they offer publicly accessible arts activity in Wales, and that they have been significantly affected by Covid‑19. The central purpose of this fund is to sustain organisations facing the threat of closure and help them to resume activity in 2021 and beyond.
Those receiving support from this fund will in return be expected to deliver something back to the Welsh public– what is being called the ‘Cultural Contract’.