'In Scotland the new sponsorship money attracted to the arts in 1994-95 showed an increase of 12% over 1993-94, up from £829,440 to £930,626.
'I am also pleased to say that the figures for the first quarter of this year show an 11% increase over those for the same period last year. On the basis of these figures business sponsorship in Scotland looks set to maintain in 1995-96 the steady growth of recent years.
'In particular, there has been a welcome increase in applications from arts organisations who have not participated in the scheme before.'
- The 1995-96 budget for the Pairing Scheme in the UK is £5.5m.
- An arts organisation may receive up to four awards in each year. The amount of matching money payable to an arts organisation in any one financial year is £50,000. The minimum Pairing Scheme award is £1,000 and the maximum award available for any one sponsorship is £35,000.