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BUSINESS SPONSORSHIP OF THE ARTS IN SCOTLAND GROWS

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Business sponsorship of the arts attracted through the National Heritage Arts Sponsorship Scheme (Pairing Scheme) i...
Business sponsorship of the arts attracted through the National Heritage Arts Sponsorship Scheme (Pairing Scheme) in Scotland in 1994-95 showed a 12% increase over the previous year, Scottish arts minister Lord Lindsay said today.

'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 Pairing Scheme was launched under its original title of Business Sponsorship Incentive Scheme (BSIS) in 1984. The scheme is an incentive funding scheme designed to attract new sponsors and to encourage existing sponsors to increase their spending on the arts.

- 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.

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