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18/05/2012 - CultureStep

CultureStep is an investment programme provided by Arts and Business Cymru with funding from the Welsh Government.

Support is aimed at encouraging businesses in Wales to invest in the arts, or to increase their current investment in the arts through providing match funding for the business investment.

Finance is provided as match funding, which is paid at a maximum ratio of 2:1 (£1 from CultureStep for every £2 invested by the business). If a business has been supporting the arts in Wales for five years or more, the maximum CultureStep investment is £1 for every £4 of business investment. In most cases, match funding is provided at 3:1 (£1 from CultureStep for every £3 invested by the business).

The minimum business investment required is £1,000. The maximum CultureStep investment is £15,000. The minimum is £500.

Application is open to businesses in Wales that:

• are investing in the arts for the first time or have not invested in the arts in Wales in the previous five years; and
• wish to develop an existing relationship with the arts, such as through:
  • Additional money - a significant increase in the business' previous annual arts investment.
  • New development - addressing a business objective not previously addressed through the arts.

Applications may be submitted at any time. The funding panel will meet four times between June and March.

Click here to access the online guidance and application form (opens in new window).

Source: Arts and Business Cymru, 17/05/2012

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