Bowes museum secures £2m endowment fund
July 13 2016
Picture: The Bowes Museum
Great news for the Bowes Museum, which has secured a £2m capital endowment fund. The fund involved the museum raising £1m itself, which is then matched by the UK government's Catalyst Endowment Fund. At a time when so many regional museums are facing funding constraints (and, let's be honest, when not enough of them are looking at enterprising ways to secure their financial futures) the ability of the Bowes museum to go out and shake the tin among local benefactors has been extraordinary. Well done to them and all involved.
Incidentally, the idea of a Lottery funded endowment fund first appeared in the Conservative party's arts and heritage manifesto of 2005 - the one wot I wrote. Just sayin'.
