As part of the 2014-15 Federal Budget, the Government has announced $6.4 million of funding for initiatives to encourage private sector support of the arts.
Private sector support for the arts is vital to the ongoing sustainability of the arts sector.
Creative Partnerships Australia will receive $5.4 million over four years to continue to build private sector support for the arts through philanthropy, sponsorship and corporate volunteering.
It is estimated that this investment in Creative Partnerships Australia will help to leverage significant private sector support for the arts through philanthropy, sponsorship and in-kind support.
Creative Partnerships Australia will use the funds to deliver services and programs for artists and arts organisations in all States and Territories. Without this funding, Creative Partnerships Australia would have insufficient funding to continue operating.
Additionally, the Australian Ballet School will receive a one-off grant of $1 million to assist the school to leverage private sector funding to purchase a student residence in Melbourne. This is a fitting recognition of the Australian Ballet School’s 50th anniversary that will help ensure the most talented students from across Australia have the away-from-home support they need to attend this world-class dance training school.
Supporting both excellence in and access to the arts is a key priority for the Australian Government.
This initiative is part of the Government’s Economic Action Strategy to build a strong, prosperous economy and a safe, secure Australia.