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Art Fund sponsors the Museum of the Year award (known as the Gulbenkian Prize from 2003 to 2007 and the Art Fund Prize from 2008 to 2012). This is a £100,000 prize awarded annually to the museum or gallery that had the most imaginative, innovative or popular project during the previous year.
In April 2020, petrol prices fell below £1/litre at some outlets. When Morrison's supermarket chain became the first national retailer of petrol in the UK to sell petrol at under £1 a litre, it was the first time since February 2016.
in addition to the present "policy development grant" eligible parties should be granted public funding at the rate of £3.00 per vote in Westminster elections and £1.50 per vote in devolved and European elections; income tax relief should be available for donations up to £1,000 and membership fees to political parties. [8]
The fund was initially announced by the Chancellor Rishi Sunak in July 2020 as a "one-off investment in UK culture". Sunak announced that the fund would be valued at £1.57 billion. Damon Buffini was announced as the chair of the Culture Recovery Board, the body tasked with managing the fund. Culture Recovery Board
The fund generated returns of 50% in 2016, 54% in 2017, 25% in 2018 when the average hedge fund lost money, and 50% in 2019. In March 2020, BlueCrest reduced the size of its relative-value trading book, which seeks to exploit anomalies in related securities. The company also cut risk across the firm by about $1 billion.
The fund's income comes from the National Lottery, which was managed until 2024 by Camelot Group. [5] Its objectives are "to conserve the UK's diverse heritage, to encourage people to be involved in heritage and to widen access and learning". [6] As of 2019, it had awarded £7.9 billion to 43,000 projects. [4]
The National Lottery Community Fund, legally named the Big Lottery Fund, [1] is a non-departmental public body responsible for distributing funds raised by the National Lottery for "good causes". It is the largest community funder in the UK and its purpose is to award funding that strengthens society and improves lives across the UK.
The 2020 United Kingdom budget, officially known as Budget 2020: Delivering on Our Promises to the British People, was a budget delivered by Rishi Sunak, Chancellor of the Exchequer, to the House of Commons on Wednesday 11 March 2020. It was Sunak's first budget, the first since the withdrawal of the United Kingdom from the European Union, the ...