TATE TO RECEIVE EXTRA $9 MILLION FROM BRITISH GOVERNMENT

The British government will give the Tate an extra $9 million to help fund the cost of running Tate Modern, according to the Art Newspaper’s Javier Pes. The Tate has disclosed that it’s expecting grant-in-aid to be cut by 5 percent otherwise. Pes notes that it’s a repeat victory for the Tate’s director, Nicholas Serota, who secured an extra $7 million from the government in 2000 so that Tate Modern could open without charging for admission.

A spokeswoman for the Tate confirmed: “Late last year the government in principle committed to an uplift in grant-in-aid to support the running of the new Tate Modern.” The expected extra cash represents a 17 percent increase in Tate’s grant from 2012 to 2013.