£12m ACE business innovation programme delayed

An Arts Council England (ACE) business innovation programme has been delayed without a new start date.

The Reset and Innovation Programme, assigned £12m and originally planned for January, is part of the funder's three-year delivery plan for the Let's Create strategy.

The initiative will support organisations to apply ACE's investment principles and pursue innovations that build their long-term sustainability, including new partnerships and business models or company mergers.

An ACE spokesperson attributed the delay to "knock on" effects arising from its efforts to support the sector throughout the pandemic.

“Plans are still being finalised. We aim to share information in the coming months.”