This is the correct link for the new funding for Museums by the Arts Council The key thing is: Grants of between £500,000 and £2 million will be awarded for a period of three years, April 2012 - March 2015, and only accredited museums with designated collections will be eligible to apply. Most museums are accredited, the designation system is, to my mind, very haphazard and so this restriction of major grants to these combination is very restrictive. According to MLA: The (Designation) Scheme was launched in 1997 and now recognises 138 collections held in museums, libraries and archives.' A look at the list of museums shows that in London at least a lot of important museums are missing and a lot of archives are present who have a very low public profile. Renaissance major grants programme | Arts Council