The Sydney Theatre Company and Opera Australia will share in more than $3 million in funding, under the third batch of grants from the Australian Government's $35 million COVID-19 Arts Sustainability Fund.
The Fund is designed to assist significant Australian Arts organisations deemed as facing a risk to their sustainability over the next 12 months due to the pandemic.
More than $16 million has now been allocated under the Sustainability Fund, as part of the Government's investment in supporting the employment of workers, enhancing community wellbeing and access to diverse cultural experiences, and rebuilding Australia's economy.
The funding outcomes follow a thorough assessment process administered by the Office for the Arts, with the Australia Council and independent financial assessor, the Infrastructure and Project Financing Agency.
At risk organisations must be considered to have a good prospect of maintaining their viability—and have a clear plan to do so—if the funding is made available.
More than $13 million in funding was allocated under the first two batches of the Fund, to support eight organisations at imminent risk from the effects of COVID-19.
The Sustainability Fund is still open and accepting applications.