Repayable Finance News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Is computer-assisted decision-making the way to go? Zoonar/Alamy Stock Photo Why are some organisations worth saving and others not, post the ravages of Covid-19? A software tool, Spotlight, developed by the Tory MP Michael Gove’s office—which claims to bring “greater confidence, efficiency and speed to decision-making”—has been used to vet applications for the government’s Covid-19 Cultural Recovery Fund, so far helping to allocate more than £1bn of the £1.57bn pot. But this algorithm-based approach seems to have left many struggling arts organisations out ...

Hampton Court Palace Photo: © David Dixon The UK heritage body Historic Royal Palaces has secured a £40m loan in the government’s latest round of Covid-19 emergency funding. Eleven organisations across England will receive loans totalling £165m under the Repayable Finance scheme, including the Southbank Centre in London, which secured a £10.9m loan. The programme is part of the government’s £1.57bn package to safeguard the culture and heritage sectors in the wake of the coronavirus crisis. Loans can be paid back over 20 years, with an initial repayment holiday...

 | Updated: 14:34, 11 December 2020 Four Warwickshire and Coventry organisations have secured a £22.4million share of the government’s £1.57billion Culture Recovery Fund. The Department for Digital, Culture, Media and Sport and Arts Council England today (Friday) announced further awards from its: £58.9million has been awarded through the Fund’s Capital Kickstart grants programme, and over £165million has been offered through the Repayable Finance programme. The Capital Kickstart grants will help cultural organisations across the country cover additional costs, caused ...