Madrid – €7.5 million for culture

Madrid’s ‘Applaud Madrid’ plan will augment the city’s cultural budget, which remains uncut, with at further €7.5 million to avoid the closure of cultural spaces and institutions. Theaters will receive €1.9 million, cinemas €1.2 million, live music venues €1.3 million and theater, dance and circus companies €530,000. These grants will cover the costs of supplies and rent from March to September. All future beneficiaries of these grants must commit themselves not to close these spaces for at least one year after the end of the pandemic.

Spaces dedicated to contemporary art, performance and cultural exchange will be eligible for a bi-annual programming grants, and the City Council has extended a 25% reduction of the Real Estate Tax and the Economic Activities Tax for 2020. €2.2 million will be given over to renovating two emblematic spaces in Madrid, the Circo Price Theater and, after almost four decades of waiting, the Fernán Gómez De la Villa Cultural Center. More information (in Spanish) here.

Contact: Ana Buñuel

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