Monday, November 26, 2007

The Budget - Grants & Investement

During his budget speech, PM Gonzi has announced a number of measures relating to the cultural sphere. Three measures have particularly caught my attention, namely
  1. the set up of a Film Fund with an initial grant of Lm100,000 (Euro 232,900)
  2. the set up of an Art Fund with an initial grant of Lm100,000 (Euro 232,900)
  3. 0.25 per cent of the expenditure in capital or infrastructural projects must be spent on works of art, infrastructure connected with the creative spheres or on other creative projects
These are definitely positive steps. The fact that we finally have (or will have soon) an Art Fund and a Film Fund will be a big help to Maltese artists. Up until today I could not find any information as to who will be administering these funds, how these funds will be used, how does one apply for them etc. but obviously it is still a bit early. The third point, if administered well, should have a big impact on the art scene in Malta. Just imagine if the same policy were applied to the building of Mater Dei, with a cost of €580 million that would translate into €1.4 million invested directly into the art scene. If I remember correctly a similar measure was introduced during the Great Depression (1920's USA) to sustain artists who were desperately in need of work. Lets hope it will have the same effects here in Malta.
This blog will be definitely following the issues.

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