Public notice: Support for an interest-free art purchase scheme

Submissions closed

At its September meeting, Council considered the report Support for an Interest-Free Art Purchase Scheme. Council resolved to give public notice of its proposal to pass a resolution to provide $60,000 (excluding GST) as a one-off seed funding to support the establishment of 10 Groups' interest-free art purchasing scheme as set out in the Creative City Policy – action 4.1, priority 4: Improving access, creating markets. Under the Local Government Act, 28 days public notice is required for the proposal to pass a resolution.

In August 2014, Council endorsed the Creative City Cultural Policy and Action Plan 2014–2024. Of the many ideas presented as part of the policy’s development and subsequent Action Plan, the Tasmanian Government’s 'Collect' program, which provides interest-free loans for the purchase of artworks, was one of the most widely endorsed by the community and sector.

The City has been approached by 10 Group, an established arts publishing business that also produces the successful Art Month. 10 Group intends to pilot an interest-free loans scheme that enables the public to purchase artworks through established commercial galleries in and around the City of Sydney's local area.

The recommended seed funding will support costs associated with the establishment of the scheme and the development of evaluation tools to measure its impact.

Results from this consultation will be reported to the Cultural and Community Committee at its meeting on 27 October 2014.

If you would like to speak with Council about the proposal, read our guidelines for speakers at our committees.

Submissions

Submissions for this exhibition have now closed.

Contacts

For more information about the exhibition please contact:

Sam Booth

Cultural Projects Coordinator

02 9246 7805

sbooth@cityofsydney.nsw.gov.au






Submissions closed

At its September meeting, Council considered the report Support for an Interest-Free Art Purchase Scheme. Council resolved to give public notice of its proposal to pass a resolution to provide $60,000 (excluding GST) as a one-off seed funding to support the establishment of 10 Groups' interest-free art purchasing scheme as set out in the Creative City Policy – action 4.1, priority 4: Improving access, creating markets. Under the Local Government Act, 28 days public notice is required for the proposal to pass a resolution.

In August 2014, Council endorsed the Creative City Cultural Policy and Action Plan 2014–2024. Of the many ideas presented as part of the policy’s development and subsequent Action Plan, the Tasmanian Government’s 'Collect' program, which provides interest-free loans for the purchase of artworks, was one of the most widely endorsed by the community and sector.

The City has been approached by 10 Group, an established arts publishing business that also produces the successful Art Month. 10 Group intends to pilot an interest-free loans scheme that enables the public to purchase artworks through established commercial galleries in and around the City of Sydney's local area.

The recommended seed funding will support costs associated with the establishment of the scheme and the development of evaluation tools to measure its impact.

Results from this consultation will be reported to the Cultural and Community Committee at its meeting on 27 October 2014.

If you would like to speak with Council about the proposal, read our guidelines for speakers at our committees.

Submissions

Submissions for this exhibition have now closed.

Contacts

For more information about the exhibition please contact:

Sam Booth

Cultural Projects Coordinator

02 9246 7805

sbooth@cityofsydney.nsw.gov.au