Arts Council England has urged businesses to apply for the Culture Recovery Fund before the first round's deadline this Friday (21st August).
The fund, a pot of £1.57bn, is targeted at "cultural organisations at risk of no longer trading viably by the end of this financial year".
Publishers and literary bodies can apply for the Culture Recovery Fund's £500m grants programme pot, through which sums of £50,000 to £3m will be allocated to organisations across the arts. Libraries are not eligible to apply for the grants.
A spokesperson from ACE said: "We want to make sure as many types of eligible organisations – of all sizes, from across the country and the cultural sector – are aware of the opportunity. Unlike the Arts Council’s previous Emergency Response Package, this programme is open to both commercial and charitable organisations, who do not need a history of public funding to be able to apply."
ACE is due to announce the details of another loan service in the coming weeks. Titled Repayable Finance, the scheme will lend funds to organisations seeking over £3m to safeguard their futures, post-pandemic.